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Landy v. Federal Deposit Insurance Corp., Receiver

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Opinion
40 L. Ed. 2d 312 · Supreme Court of the United States · Apr 22, 1974
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Landy v. Federal Deposit Insurance Corp., Receiver
S.D. New York · Oct 11, 1996
D. Maryland · Sep 6, 1996
Supreme Court of Connecticut · May 30, 1995
W.D. Washington · Dec 21, 1994
Parentheticals
noting that an appellate court can properly take judicial notice of any matter of which any court of original jurisdiction may properly take notice
requiring proof that "the encouragement or assistance is a substantial factor in causing the resulting tort”
indicating that accountant liability turns on foreseeability of plaintiff’s reliance
stockholder free to initiate derivative action when receiver refuses to initiate suit necessary for protection of creditors
stockholder free to initiate derivative action when receiver refuses to initiate suit necessary for protection of creditors
discussion of only four alternatives sufficient as long as those alternatives are “sufficient to permit a reasoned choice”
defendant liable “to all those persons whom he should reasonably have foreseen would be injured by his misrepresentation”
defendant liable "to all those persons whom he should reasonably have foreseen would be injured by his misrepresentation"
an aider and abettor is liable if an independent wrong exists, he knew of the wrong, and substantial assistance was given in effecting it
judicial notice frequently taken of developments not of record in the application of mootness doctrine by appellate courts
a scheme deliberately calculated to manipulate market value of stock violates the securities laws
proof of “wrongful act” by primary wrongdoer suffices for first element