Legal Opinion
First Nationwide Bank v. Gelt Funding Corp.
Court of Appeals for the Second Circuit
Decided June 9, 1994No. 457, Docket 93-7422PublishedCited by 264 opinions
1Opinion of the Court
WALKER, Circuit Judge:
This appeal raises issues surrounding the requirements for pleading a private civil cause of action under the Racketeer Influenced and Corrupt Organizations Act (“RICO”), 18 U.S.C. § 1962(c) and (d). Principal among these is whether, where the predicate to the RICO claim is fraud by a borrower in misrepresenting the value of collateral, the fraud is complete before any actual loss is realized because the lender incurs additional concealed risk. Plaintiff-appellant First Nationwide Bank (“FNB” or the “Bank”) appeals from a judgment of the United States District Court for…
2Cases cited25 opinions
- Sedima, S. P. R. L. v. Imrex Co.Supreme Court of the United States · 1985
- Holmes v. Securities Investor Protection CorporationSupreme Court of the United States · 1992
- Sarah B. Shields, Individually and as Representative of All Others Similarly Situated v. Citytrust Bancorp, Inc., George F. Taylor and Irwin EngelmanCourt of Appeals for the Second Circuit · 1994
- Jeffrey Hecht v. Commerce Clearing House, Inc., William Miller, Louis Ceccoli, and Stanley StephensCourt of Appeals for the Second Circuit · 1990
- Bankers Trust Company v. Daniel Rhoades, Herman Soifer and Milton BratenCourt of Appeals for the Second Circuit · 1988
20 more not listed; retrieve them via the Exa API.
3Cited by264 opinions
- First Capital Asset Management, Inc. v. Satinwood, Inc.Court of Appeals for the Second Circuit · 2004
- Maio v. Aetna, Inc.Court of Appeals for the Third Circuit · 2000
- Lentell v. Merrill Lynch & Co. Inc.Court of Appeals for the Second Circuit · 2005
- McLaughlin v. American Tobacco Co.Court of Appeals for the Second Circuit · 2008
- Robert L. Moore and Jeannette S. Parry v. Painewebber, Inc.Court of Appeals for the Second Circuit · 1999
259 more not listed; retrieve them via the Exa API.