Legal Opinion

Hill v. Equitable Trust Co.

Court of Appeals for the Third Circuit

Decided July 14, 1988No. 87-3575PublishedCited by 74 opinions

1Opinion of the Court

OPINION OF THE COURT

WEIS, Circuit Judge.*

The principal issue here is whether our in banc decision in In Re: Data Access Sys. Sec. Litig., 843 F.2d 1537 (3d Cir.1988), should be applied in this appeal from a judgment based on two earlier, inconsistent panel opinions of this court. Because plaintiffs had no reasonable basis for reliance on our then-existing precedent, we will apply the in banc holding retroactively. Although it adopted a different rationale, the district court reached the same ultimate result that our in banc ruling requires. Accordingly, we will affirm.

*693The district court…

2Cases cited23 opinions

  1. Wilson v. GarciaSupreme Court of the United States · 1985
  2. Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
  3. Linkletter v. WalkerSupreme Court of the United States · 1965
  4. Chevron Oil Co. v. HusonSupreme Court of the United States · 1971
  5. Chicot County Drainage District v. Baxter State BankSupreme Court of the United States · 1940

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3Cited by74 opinions

  1. Laborers' International Union of North America, Afl-Cio, in No. 93-5208 v. Foster Wheeler Corporation Foster Wheeler Energy Corporation. Laborers' International Union of North America, Afl-Cio v. Foster Wheeler Corporation Foster Wheeler Energy Corporation, Foster Wheeler Energy Corporation in No. 93-5233. Laborers' International Union of North America, Afl-Cio v. Foster Wheeler Corporation Foster Wheeler Energy Corporation, Foster Wheeler CorporationCourt of Appeals for the Third Circuit · 1994
  2. Lorenz v. CSX Corp.Court of Appeals for the Third Circuit · 1993
  3. Kevin L. Barden v. Patrick Keohane, WardenCourt of Appeals for the Third Circuit · 1991
  4. Fed. Sec. L. Rep. P 95,379 Marian W. Short v. Belleville Shoe Manufacturing CompanyCourt of Appeals for the Seventh Circuit · 1990
  5. Oscar Hines v. Consolidated Rail Corporation v. General Electric Company, Monsanto Company, and Penn Central CorporationCourt of Appeals for the Third Circuit · 1991

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