Legal Opinion

Fabrikant v. Bache & Co.

Court of Appeals for the Ninth Circuit

Decided December 10, 1979No. Nos. 77-2993 to 77-2995, 77-3063, 77-3064, 77-3093, 77-3099, 77-3121, 77-3122, 77-3333, 77-3344 and 77-3345PublishedCited by 27 opinions

1Opinion of the Court

J. BLAINE ANDERSON, Circuit Judge:

This appeal presents a challenge which strikes at the heart of this country’s system of jurisprudence. Simply stated, we are asked to decide whether there is a “complexity” exception to the Seventh Amendment right to a jury trial in civil cases. We answer this question in the negative and reverse the decision of the district court.

I. PROCEEDINGS BELOW

U.S. Financial (USF) was a high-flying real estate development company which began losing altitude in 1972 and finally crashed in 1973. This spawned an abundance of lawsuits.1 The present case concerns twenty…

2Cases cited56 opinions

  1. Parklane Hosiery Co. v. ShoreSupreme Court of the United States · 1979
  2. Williams v. FloridaSupreme Court of the United States · 1970
  3. Beacon Theatres, Inc. v. WestoverSupreme Court of the United States · 1959
  4. Dairy Queen, Inc. v. WoodSupreme Court of the United States · 1962
  5. Curtis v. LoetherSupreme Court of the United States · 1974

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3Cited by27 opinions

  1. Rosen v. DickCourt of Appeals for the Second Circuit · 1980
  2. In Re Japanese Electronic Products Antitrust LitigationCourt of Appeals for the Third Circuit · 1980
  3. Zenith Radio Corp. v. Matsushita Electric Industrial Co.District Court, E.D. Pennsylvania · 1980
  4. In Re U. S. Financial Securities Litigation. Michael Fabrikant and Milton Binswanger v. Bache & Co., Basle Securities Corp., First National Bank of Toledo, Etc. v. R. H. Walter, J. B. Halverson, R. G. Steward, Mellon Bank, N. A., ("Mellon") v. U. S. Financial, Salmon Bros., Petition of Charles D. Prutzman, Jr. Petition of Union Bank. Petition of Touche Ross and Company. Petition of Angelo Adams. Petition of Brown, Wood, Ivey, Mitchell & Petty. Petition of Societe Generale De Banque, Rentinvest Colonial Growth Shares, Inc. v. Touche Ross & Co., Michael Fabrikant and Milton Binswanger v. Philip Hampton, Philip D. Reed, Michael Fabrikant and Milton Biswanger v. John Weinberg, Etc.Court of Appeals for the First Circuit · 1979
  5. Lowell Palmer v. United States of America, United States of America, Third-Party v. Donald Paul Fisher, Third-PartyCourt of Appeals for the Third Circuit · 1981

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