Compania Sud-Americana De Vapores S.A. v. IBJ Schroder Bank & Trust Co.

How courts have described this case

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

• stating that where the “fraudulent scheme is premised upon an inadequate fraud claim, allegations of mail and wire fraud must generally also fail”
• holding “as a matter of law[] that [plaintiff’s] reliance on [defendant bank’s] alleged misrepresentations was unreasonable” where (1
• finding no fiduciary relationship when plaintiff failed to establish “that the dealings between the parties were not arms length”
• finding no fiduciary relationship when plaintiff failed to establish “that the dealings between the parties were not arm’s length”
• information not in seller’s peculiar knowledge where plaintiff had access to the information and would have been able to discover the alleged misrepresentations with ordinary due diligence
• “[W]hen matters are peculiarly within the knowledge of the defendant, a plaintiff may rely on defendant’s representations without prosecuting an investigation, as he has no independent means of ascertaining the truth.”

Source: CourtListener parenthetical corpus (CC0).