Legal Opinion
Benson v. JPMorgan Chase Bank, N.A.
Court of Appeals for the Ninth Circuit
Decided March 20, 2012No. 10-17402, 10-17404PublishedCited by 56 opinions
1Opinion of the Court
OPINION
LUCERO, Circuit Judge:
Plaintiffs, a group of investors defrauded by the “Millennium Ponzi scheme,” seek recourse against JPMorgan Chase Bank N.A. (“JPMorgan”). They allege that Washington Mutual, Inc. (‘WaMu”) aided and abetted the Ponzi scheme by providing banking services to several companies controlled by the scheme’s principals despite actual knowledge of the fraud. JPMorgan, they argue, is liable as successor in interest of WaMu, having purchased most of WaMu’s assets and liabilities from the Federal Deposit Insurance Corporation (“FDIC”). The FDIC had taken WaMu into receivership…
2Cases cited22 opinions
- Sprewell v. Golden State WarriorsCourt of Appeals for the Ninth Circuit · 2001
- Morales v. Trans World Airlines, Inc.Supreme Court of the United States · 1992
- American Nat. Ins. Co. v. FDICCourt of Appeals for the D.C. Circuit · 2011
- Elizabeth Albright Latshaw v. Trainer Wortham & Company, Inc., a Corporation Robert J. Vile, a Natural PersonCourt of Appeals for the Ninth Circuit · 2006
- Shannon Casey v. Albertson's Inc., a Delaware CorporationCourt of Appeals for the Ninth Circuit · 2004
17 more not listed; retrieve them via the Exa API.
3Cited by56 opinions
- Dittmer Properties, L.P. v. Federal Deposit InsuranceCourt of Appeals for the Eighth Circuit · 2013
- Acosta-Ramirez v. Banco Popular de Puerto RicoCourt of Appeals for the First Circuit · 2013
- Farnik v. Federal Deposit InsuranceCourt of Appeals for the Seventh Circuit · 2013
- Rundgren v. Washington Mutual Bank, FACourt of Appeals for the Ninth Circuit · 2014
- Federal Housing Finance Agency v. JPMorgan Chase & Co.District Court, S.D. New York · 2012
51 more not listed; retrieve them via the Exa API.