Legal Opinion
Eugenio Riquelme Valdes, Inmobiliaria Kan Kun, S.A. v. Leisure Resource Group, Inc., Capitol Savings & Loan Association and United Service Corporation
Court of Appeals for the Fifth Circuit
Decided March 27, 1987No. 86-1124PublishedCited by 33 opinions
1Opinion of the Court
EDITH H. JONES, Circuit Judge:
This case illustrates, at several levels, the manifest wisdom of doing business in familiar localities with people of proven ability. A Mexican company secured a judgment for over $10 million for fraud committed by an Austin resort timeshare business, run by promoters from Malibu, California. Liability was extended by conspiracy and corporate alter ego theories to the defendant’s Iowa-based lenders. On review of multiple issues raised by the defendants, we reverse in part and remand for a new trial on damages.
I. FACTS
In early 1978, United Service Corporation…
2Cases cited30 opinions
- The Boeing Company v. Daniel C. ShipmanCourt of Appeals for the Fifth Circuit · 1969
- Castleberry v. BranscumTexas Supreme Court · 1986
- Massey v. Armco Steel Co.Texas Supreme Court · 1983
- Stone v. Lawyers Title Ins. Corp.Texas Supreme Court · 1977
- Schlumberger Well Surveying Corp. v. Nortex Oil & Gas Corp.Texas Supreme Court · 1968
25 more not listed; retrieve them via the Exa API.
3Cited by33 opinions
- In the Matter of S.I. Acquisition, Inc., Debtor. S.I. Acquisition, Inc. v. Eastway Delivery Service, Inc.Court of Appeals for the Fifth Circuit · 1987
- Pearson v. Component Technology CorporationCourt of Appeals for the Third Circuit · 2001
- Gibraltar Savings, Cross-Appellant v. Ldbrinkman Corp., Cross-Appellee, and Lloyd D. Brinkman, Defendant-CrossCourt of Appeals for the Fifth Circuit · 1988
- National Westminster Bank, U.S.A. v. RossDistrict Court, S.D. New York · 1991
- Pan Eastern Exploration Co. v. Hufo OilsCourt of Appeals for the Fifth Circuit · 1988
28 more not listed; retrieve them via the Exa API.