Legal Opinion
Bankers Trust Company, Cross-Appellee v. Old Republic Insurance Company, Cross-Appellants
Court of Appeals for the Seventh Circuit
Decided April 3, 1992No. 91-2589, 91-2707PublishedCited by 249 opinions
1Opinion of the Court
POSNER, Circuit Judge.
This appeal and (conditional) cross-appeal bring up to us a tangle of jurisdictional and procedural issues arising out of complex federal litigation. Back in the early 1980s, Bankers Trust, a large bank, made a large loan in (alleged) reliance on appraisals of the borrower’s oil and gas reserves by Lee A. Keeling & Associates, Inc. (“LKA”). The borrower defaulted and Bankers Trust lost $30 million. In 1985 it brought a diversity tort suit in the federal district court in Oklahoma against LKA, charging that the latter had negligently overestimated the borrower’s reserves.…
2Cases cited35 opinions
- Maryland Casualty Co. v. Pacific Coal & Oil Co.Supreme Court of the United States · 1941
- Brillhart v. Excess Insurance Co. of AmericaSupreme Court of the United States · 1942
- Fed. Sec. L. Rep. P 95,228 Rocco Dileo and Louise Dileo v. Ernst & YoungCourt of Appeals for the Seventh Circuit · 1990
- Martin v. WilksSupreme Court of the United States · 1989
- Moore v. Kayport Package Express, Inc.Court of Appeals for the Ninth Circuit · 1989
30 more not listed; retrieve them via the Exa API.
3Cited by249 opinions
- Patrick Camasta v. Jos. A. Bank Clothiers, Inc.Court of Appeals for the Seventh Circuit · 2014
- Vess v. Ciba-Geigy Corp. USACourt of Appeals for the Ninth Circuit · 2003
- Vess v. Ciba-Geigy Corp. USACourt of Appeals for the Ninth Circuit · 2003
- Pirelli Armstrong Tire Corp. Retiree Medical Benefits Trust v. Walgreen Co.Court of Appeals for the Seventh Circuit · 2011
- Vicom, Inc. v. Harbridge Merchant Services, Inc., as Successor in Interest to Peach Tree Bancard Corporation, Judy Elliot, James ElliotCourt of Appeals for the Seventh Circuit · 1994
244 more not listed; retrieve them via the Exa API.