Legal Opinion
Investment Co. Institute v. Clarke
Court of Appeals for the Ninth Circuit
Decided June 30, 1986No. Nos. 84-2622, 84-2623PublishedCited by 1 opinion
1Opinion of the Court
REINHARDT, Circuit Judge:
The Comptroller of the Currency, Wells Fargo Bank, and the Bank of California appeal from the district court’s grant of summary judgment in favor of the Investment Company Institute. The district court ruled that the operation by the two banks of common funds consisting of commingled individual retirement accounts violated the Glass-Steagall Act, 48 Stat. 162, as amended, and that the Comptroller could not properly authorize the operation of such funds. See Investment Company Institute v. Conover, 593 F.Supp. 846 (N.D. Cal.1984).1
Two circuit courts have ruled that the…
2Cases cited7 opinions
- Chevron U. S. A. Inc. v. Natural Resources Defense Council, Inc.Supreme Court of the United States · 1984
- Investment Company Institute v. CampSupreme Court of the United States · 1971
- Securities Industry Ass'n v. Board of Governors of the Federal Reserve SystemSupreme Court of the United States · 1984
- Lane v. GorenCourt of Appeals for the Ninth Circuit · 1984
- Investment Company Institute v. C.T. Conover, Comptroller of the CurrencyCourt of Appeals for the D.C. Circuit · 1986
2 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- Investment Company Institute v. ClarkeCourt of Appeals for the Ninth Circuit · 1986