Legal Opinion
Calderon-Serra v. Wilimington Trust Company
Court of Appeals for the First Circuit
Decided April 22, 2013No. 11-2449PublishedCited by 125 opinions
1Opinion of the Court
SELYA, Circuit Judge.
Most people make investments in the expectation (or at least the hope) of turning a profit. But investments sometimes go sour. That happened here, and the appellants are trying to recoup their losses through a novel interpretation of ah exemption in the Trust Indenture Act of 1939 (TIA), 15 U.S.C. §§ naaa-TTbbbb. 1 Construing the exemption as a matter of first impression, we conclude that the appellants’ interpretation fails. Their suit fails with it. Federal courts do not have jurisdiction to redress every perceived wrong, and we agree with the court below that this case…
2Cases cited19 opinions
- United States v. Ilario M.A. ZanninoCourt of Appeals for the First Circuit · 1990
- Securities and Exchange Commission v. W. J. Howey Co.Supreme Court of the United States · 1946
- Securities & Exchange Commission v. Capital Gains Research Bureau, Inc.Supreme Court of the United States · 1963
- Palmer v. Champion MortgageCourt of Appeals for the First Circuit · 2006
- Murphy v. United StatesCourt of Appeals for the First Circuit · 1995
14 more not listed; retrieve them via the Exa API.
3Cited by125 opinions
- Manning v. Boston Medical Center Corp.Court of Appeals for the First Circuit · 2013
- Nikitine v. Wilmington Trust CompanyCourt of Appeals for the First Circuit · 2013
- Mulder v. Kohl's Department Stores, Inc.Court of Appeals for the First Circuit · 2017
- Amyndas Pharmaceuticals, S.A. v. Zealand Pharma A/SCourt of Appeals for the First Circuit · 2022
- Hagerty Ex Rel. United States v. Cyberonics, Inc.Court of Appeals for the First Circuit · 2016
120 more not listed; retrieve them via the Exa API.