Legal Opinion

Abels v. Farmers Commodities Corp.

Court of Appeals for the Eighth Circuit

Decided July 3, 2001No. 00-1946NI, 00-2045NIPublishedCited by 188 opinions

1Opinion of the Court

RICHARD S. ARNOLD, Circuit Judge.

The District Court dismissed this case for failure to state a claim. It held, first, that a plaintiff seeking to hold a principal liable for an agent’s fraud must plead not only fraud but also agency with particularity pursuant to Federal Rule of Civil Procedure 9(b). In the District Court’s view, the plaintiffs failed to meet that heightened standard in pleading a principal-agent relationship between the Farmers’ Commodities Corporation and Henry May-land, who is alleged to have induced many of the plaintiffs to enter into the “hedge-to-arrive” (HTA)…

2Cases cited13 opinions

  1. Sedima, S. P. R. L. v. Imrex Co.Supreme Court of the United States · 1985
  2. Reves v. Ernst & YoungSupreme Court of the United States · 1993
  3. Clarence E. Bennett v. Kenneth Berg, Dan R. Sandford, Jr. v. Kenneth BergCourt of Appeals for the Eighth Circuit · 1982
  4. New England Data Services, Inc. v. Barry BecherCourt of Appeals for the First Circuit · 1987
  5. Clarence E. Bennett v. Kenneth Berg, Dan R. Sandford, Jr. v. Kenneth BergCourt of Appeals for the Eighth Circuit · 1983

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3Cited by188 opinions

  1. Nat Levy v. Donald J. Ohl, William J. Knapp, L. David Green, and Merilyn HamlettCourt of Appeals for the Eighth Circuit · 2007
  2. United States Ex Rel. Keshav S. Joshi v. St. Luke's Hospital, Inc. Mohammed Bashiti, United States of America, Movant BelowCourt of Appeals for the Eighth Circuit · 2006
  3. Bjc Health System v. Columbia Casualty Company, Atg Assurance Company Limited v. Columbia Casualty Company, Doing Business as Cna HealthproCourt of Appeals for the Eighth Circuit · 2007
  4. In Re: K-Tel International, Inc. Securities Litigation Pasquale Migliaccio Creative Care Corporation Glen Reudolph Morton Kahn David Rea Henry Werres Claude Seymour Igal Mammon Neil Litton, Dr. Jerry Booth Joseph Erlich Gary Ewin Tim Murchison Stanford D. Williams Rev. R.G. Moore Murray N. Johnson Elizabeth Alpert Arthur Alves Societe Financiere Privee and Ravi Anand, on Behalf of Themselves and All Others Similarly Situated v. K-Tel International, Inc. Philip Kives Lawrence Kives, Securities and Exchange Commission, Amicus on Behalf OfCourt of Appeals for the Eighth Circuit · 2002
  5. Schaller Telephone Company v. Golden Sky Systems, Inc.Court of Appeals for the Eighth Circuit · 2002

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