Legal Opinion

Willco Kuwait (Trading) S.A.K. v. deSavary

Court of Appeals for the First Circuit

Decided April 7, 1988No. Nos. 86-1737, 86-1738 and 86-1743PublishedCited by 22 opinions

1Opinion of the Court

LEVIN H. CAMPBELL, Chief Judge.

Plaintiff Willco Kuwait (Trading) S.A.K. (“Willco”), a Kuwaiti corporation engaged in the business of trading petroleum throughout the world, brought this action in district court against defendant Peter deSavary, an international financier and entrepreneur, based primarily upon the anti-fraud provisions of the federal securities laws and principles of common law fraud. Willco contends that deSavary fraudulently induced it to pay $10 million toward an agreed upon $25 million purchase price for a 50 percent interest in Independent Refining Corporation (“IRC”), an…

2Cases cited27 opinions

Hamling v. United StatesSupreme Court of the United States · 1974
Palmer v. HoffmanSupreme Court of the United States · 1943
Blue Sky L. Rep. P 72,496, Fed. Sec. L. Rep. P 93,186 Thorburn Kennedy, Trustee v. Josephthal & Company, Inc., Edward M. Swartz and Fredric SwartzCourt of Appeals for the First Circuit · 1987
United States v. DrougasCourt of Appeals for the First Circuit · 1984
Burgess v. Premier Corp.Court of Appeals for the Ninth Circuit · 1984

22 more not listed; retrieve them via the Exa API.

3Cited by22 opinions

Alexis v. McDonald's Restaurants of Massachusetts, Inc.Court of Appeals for the First Circuit · 1995
Jeffrey Kassel v. Gannett Co., Inc., D/B/A "Usa Today,"Court of Appeals for the First Circuit · 1989
Edmund H. Linn v. Andover Newton Theological School, Inc., Edmund H. Linn v. Andover Newton Theological School, Inc.Court of Appeals for the First Circuit · 1989
Fed. Sec. L. Rep. P 94,361 Louis v. Jackvony, Jr. v. Riht Financial Corporation, Etc., John R. Cioci v. Riht Financial Corporation, Etc.Court of Appeals for the First Circuit · 1989
Annie Hester v. Bic CorporationCourt of Appeals for the Second Circuit · 2000

17 more not listed; retrieve them via the Exa API.