Legal Opinion
First City Securities, Incorporated v. Moshe Shaltiel and Riga International
Court of Appeals for the First Circuit
Decided January 5, 1995No. 93-3347, 93-3511 & 93-3901PublishedCited by 5 opinions
1Opinion of the Court
EASTERBROOK, Circuit Judge.
Moshe Shaltiel, a stockbroker from Chicago, met Samuel Belzberg, an entrepreneur and financier from Vancouver, while the two were on vacation in California. After several years of social friendship, Belzberg proposed that the pair join forces in making investments. Belzberg and his firms (First City Financial Corporation and its many affiliates) would put up the money for investments Shaltiel selected; the two would share profits, and in exchange for access to the funds Shaltiel undertook to bear all losses. On one of the investments, a substantial bloc of shares in…
2Cases cited10 opinions
- Icicle Seafoods, Inc. v. WorthingtonSupreme Court of the United States · 1986
- Reshal Associates, Inc. v. Long Grove Trading Co.District Court, N.D. Illinois · 1990
- Fed. Sec. L. Rep. P 99,254 Thomas F. Costello, Cross-Appellant v. Oppenheimer & Co., Inc., Cross-AppelleeCourt of Appeals for the Seventh Circuit · 1983
- Harrington v. KayAppellate Court of Illinois · 1985
- Nancy H. OCRANT, Appellant, v. DEAN WITTER & COMPANY, INC., AppelleeCourt of Appeals for the Tenth Circuit · 1974
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3Cited by5 opinions
- Aste v. Metropolitan Life InsuranceAppellate Court of Illinois · 2000
- Sethness-Greenleaf, Inc. v. Green River Corporation and Daniel J. MeyersCourt of Appeals for the Seventh Circuit · 1995
- Aste v. Metropolitan Life Insurance Co.Appellate Court of Illinois · 2000
- Brotherhood of Locomotive Engineers v. Springfield Terminal Railway Co.Court of Appeals for the First Circuit · 2000
- Brotherhood of Locomotive Engineers v. Springfield Terminal Railway Co.Court of Appeals for the First Circuit · 2000