Legal Opinion
Tutor Perini Corporation v. Banc of America Securities LLC
Court of Appeals for the First Circuit
Decided November 21, 2016No. 15-1945PPublishedCited by 25 opinions
1Opinion of the Court
THOMPSON, Circuit Judge.
OVERVIEW
Today’s dispute is part, of the fallout from the financial, system’s near meltdown in the late 2000s. On one side of- this dispute is Tutor Perini Corporation (“Tutor Perini”). On the other side is Banc of America Securities LLC and Bank of America, N.A. (“BAS” and “BANA,” respectively). To hear Tutor Perini tell it, BAS—acting as its broker-dealer, and with BANA’s knowledge and acquiescence— sold it auction-rate securities (“ARS”) without ’ disclosing that the ARS market was heading for a spectacular crash. 1 But to hear BAS and BANA tell it, BAS aetu ally…
2Cases cited45 opinions
- Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
- United States v. Ilario M.A. ZanninoCourt of Appeals for the First Circuit · 1990
- United States v. James C. DunkelCourt of Appeals for the Seventh Circuit · 1991
- Gustafson v. Alloyd Co.Supreme Court of the United States · 1995
- Lormand v. US Unwired, Inc.Court of Appeals for the Fifth Circuit · 2009
40 more not listed; retrieve them via the Exa API.
3Cited by25 opinions
- United States Ex Rel. Booker v. Pfizer, Inc.Court of Appeals for the First Circuit · 2017
- Vargas-Colon v. Fundacion Damas, Inc.Court of Appeals for the First Circuit · 2017
- Eldridge v. Gordon Brothers Group, LLCCourt of Appeals for the First Circuit · 2017
- Holloway v. United StatesCourt of Appeals for the First Circuit · 2017
- United States v. Rivera-CarrasquilloCourt of Appeals for the First Circuit · 2019
20 more not listed; retrieve them via the Exa API.