Fed. Sec. L. Rep. P 95,228 Rocco Dileo and Louise Dileo v. Ernst & Young
Court of Appeals for the Seventh Circuit
1Opinion of the Court
EASTERBROOK, Circuit Judge.
Continental Illinois Bank’s financial distress during the 1980s left many victims, from taxpayers (who injected some $2 billion to keep the bank afloat) to equity investors (who lost most of the value of their stock) to some of its officers (now spending time in prison) to bonding companies and insurers (which must compensate the firm for injuries caused by employees’ delicts). Litigation was bound to erupt. Cases that have reached us include FDIC v. Hartford Insurance Co., 877 F.2d 590 (7th Cir.1989); In re National Union Fire Insurance Co., 839 F.2d 1226 (7th…
2Cases cited24 opinions
- Matsushita Electric Industrial Co., Ltd. v. Zenith Radio CorporationSupreme Court of the United States · 1986
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
- Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
- Herman & MacLean v. HuddlestonSupreme Court of the United States · 1983
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- General Electric Capital Corporation v. Lease Resolution CorporationCourt of Appeals for the Seventh Circuit · 1997
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