Legal Opinion
Paul Kermit Costner, Jr. v. The Blount National Bank of Maryville, Tennessee
Court of Appeals for the Sixth Circuit
Decided June 29, 1978No. 76-2515PublishedCited by 39 opinions
1Opinion of the Court
MERRITT, Circuit Judge.
I. STATEMENT OF THE CASE
A jury found the defendant bank civilly liable for violating the anti-tying provisions of the Bank Holding Company Act, 12 U.S.C. § 1972 and the Sherman Act, 15 U.S.C. § 1. The Bank Holding Company Act in essence applies the general anti-tying principles of the Sherman Act to the context of commercial banking, by prohibiting a bank, when it makes a loan, from requiring in return some business or service to the bank other than the usual obligations directly related to ensuring timely repayment of the loan. A damage award of $60,000 was trebled by…
2Cases cited4 opinions
- Fortner Enterprises, Inc. v. United States Steel Corp.Supreme Court of the United States · 1969
- United States Steel Corp. v. Fortner Enterprises, Inc.Supreme Court of the United States · 1977
- Perkins v. Standard Oil Co. of Cal.Supreme Court of the United States · 1969
- Nita B. Pogue v. International Industries, Inc., (Two Cases)Court of Appeals for the Sixth Circuit · 1975
3Cited by39 opinions
- Mid-State Fertilizer Co., Lasley Kimmel, and Maxine Kimmel v. Exchange National Bank of ChicagoCourt of Appeals for the Seventh Circuit · 1989
- Rhett G. Campbell, Trustee, Joseph C. Canizaro, Intervenor-Appellant v. Wells Fargo Bank, N.A.Court of Appeals for the Fifth Circuit · 1986
- Nordic Bank PLC v. Trend Group, Ltd.District Court, S.D. New York · 1985
- Adelphia Communications Corp. v. Bank of America, N.A. (In Re Adelphia Communications Corp.)United States Bankruptcy Court, S.D. New York · 2007
- Continental Bank v. Barclay Riding Academy, Inc.Supreme Court of New Jersey · 1983
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