BCCI Holdings (Luxembourg), S.A. v. Clifford

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that “the adverse interest exception applies only to fraud against the corporation, not to fraud on behalf of the corporation”
• declining to impute to bank knowledge of officers who allegedly colluded with other “corrupt” bank officers and operated complex financial scheme leading to bank’s financial collapse
• ―Because a corporation operates through individuals, the privity and knowledge of individuals at a certain level of responsibility must be deemed the privity and knowledge of the organization.‖

Source: CourtListener parenthetical corpus (CC0).