Legal Opinion
Banca Cremi, S.A. v. Alex. Brown & Sons, Inc.
Court of Appeals for the Fourth Circuit
Decided January 13, 1998No. 97-1315PublishedCited by 39 opinions
1Opinion of the Court
Affirmed by published opinion. Senior Judge MAGILL wrote the opinion, in which Judge LUTTIG and Judge WILLIAMS joined.
OPINION
MAGILL, Senior Circuit Judge:
Banca Cremi, S.A., Institución de Banca Multiple, Grupo Financiero Cremi and Banca Cremi Grand Cayman (together, the Bank) purchased a number of collateralized mortgage obligations (CMOs) through John Isaac Epley, a broker with the brokerage firm of Alex. Brown & Sons, Incorporated (Alex. Brown). Although most of its CMO purchases were profitable, the Bank lost money on six CMO purchases after the market in CMOs collapsed in 1994. The Bank…
2Cases cited41 opinions
- Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
- Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
- Klaxon Co. v. Stentor Electric Manufacturing Co.Supreme Court of the United States · 1941
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Salve Regina College v. RussellSupreme Court of the United States · 1991
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3Cited by39 opinions
- Anthony Dash v. Floyd Mayweather, Jr.Court of Appeals for the Fourth Circuit · 2013
- United States v. Community Health Systems, Inc.Court of Appeals for the Sixth Circuit · 2007
- United States Ex Rel. Snapp, Inc. v. Ford Motor Co.Court of Appeals for the Sixth Circuit · 2008
- Grandon v. Merrill Lynch & Co.Court of Appeals for the Second Circuit · 1998
- Gold v. Winget (In Re NM Holdings Co.)United States Bankruptcy Court, E.D. Michigan · 2009
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