Legal Opinion
In re Griffin Trading Co.
Court of Appeals for the Seventh Circuit
Decided June 25, 2012No. 10-3607PublishedCited by 9 opinions
1Opinion of the Court
WOOD, Circuit Judge.
Griffin Trading Company, a futures commission merchant, went bankrupt in 1998 after one of its customers, John Ho Park, sustained trading losses of several million dollars and neither Park nor Griffin Trading had enough capital to cover these obligations. This case turns on whether Farrel Griffin and Roger Griffin (whose first names we use for clarity), the partners in control of Griffin Trading, breached their fiduciary duties when they allowed segregated customer funds to be used to help cover Park’s (and thus Griffin Trading’s) losses. In deciding this question, the…
2Cases cited7 opinions
- Morrison v. National Australia Bank Ltd.Supreme Court of the United States · 2010
- Joseph H. Levenstein v. Bernard Salafsky, Patricia A. Gill, and David C. BroskiCourt of Appeals for the Seventh Circuit · 2005
- The Prudential Insurance Company of America v. Mary Beth Kamrath, Sharri Kamrath Rocca, as Personal Representative of the Estate of Bradley G. KamrathCourt of Appeals for the Eighth Circuit · 2007
- Banque Libanaise Pour Le Commerce v. Hanna Elias KhreichCourt of Appeals for the Fifth Circuit · 1990
- Yessenow v. Executive Risk IndemnityAppellate Court of Illinois · 2011
2 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Kolb v. ACRA Control, Ltd.District Court, D. Maryland · 2014
- Deangelis v. CorzineDistrict Court, S.D. New York · 2014
- Raul Salazar-Garcia v. Emely Galvan-PineloCourt of Appeals for the Seventh Circuit · 2015
- Securities & Exchange Commission v. JacksonDistrict Court, S.D. Texas · 2012
- In re Attack Properties, LLCDistrict Court, N.D. Illinois · 2012
4 more not listed; retrieve them via the Exa API.