In Re Agape Litigation

How courts have described this case

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

• noting that the “actual knowledge element of a claim for aiding and abetting is a distinct requirement from the scienter required to allege the underlying fraud”
• commingling of investor funds showed at most constructive knowledge of fraud even where bank employees “actually saw” the account activity
• stating the elements of aiding and abetting fraud under New York law, and further stating that New York law requires the complaint to set forth allegations that the defendant have actual knowledge of the fraud
• claims for aiding and abetting a breach of fiduciary duty and conversion each require allegations of actual knowledge of the principal’s breach
• “[W]hile a visual representation of the account activity and actual dollar amounts in hindsight may suggest that the fraud was obvious, ... the Court can only infer that-this information raises an inference of BOA’s constructive knowledge of the fraud.”
• “It is well-settled that a plaintiff cannot amend the complaint through briefs and affidavits.”

Source: CourtListener parenthetical corpus (CC0).

Cited by

4 cases in this archive cite this case.

• Picard v. Legacy Capital Ltd. (In re Bernard L. Madoff Investment Securities LLC)
  S.D. New York· 2016-03-14· cited 173×
• Stillwater Liquidating LLC v. Net Five at Palm Pointe, LLC (In re Stillwater Asset Backed Offshore Fund Ltd.)
  S.D. New York· 2016-09-02· cited 11×
• Yao-Yi v. Wilmington Trust Co.
  W.D. New York· 2017-09-26· cited 7×
• Clarke v. Cosmo
  E.D. New York· 2011-05-19

Cites

42 cases in this archive are cited by this case; the 20 most cited are listed.

• Ashcroft v. Iqbal
  Supreme Court· 2009-05-18· cited 149,772×
• Bell Atlantic Corp. v. Twombly
  Supreme Court· 2007-05-21· cited 146,720×
• Harris v. Mills
  Second Circuit· 2009-07-09· cited 5,185×
• McCarthy v. Dun & Bradstreet Corp.
  Second Circuit· 2007-04-06· cited 1,966×
• Sarah B. Shields, Individually and as Representative of All Others Similarly Situated v. Citytrust Bancorp, Inc., George F. Taylor and Irwin Engelman
  Second Circuit· 1994-06-02· cited 1,243×
• Lerner v. Fleet Bank, N.A.
  Second Circuit· 2006-08-08· cited 714×
• Acito v. IMCERA Group, Inc.
  Second Circuit· 1995-02-01· cited 639×
• In Re: Sharp International Corp. & Sharp Sales Corp., Debtors. Sharp International Corp., Debtor-Appellant v. State Street Bank and Trust Company
  Second Circuit· 2005-04-01· cited 473×
• Colavito v. New York Organ Donor Network, Inc.
  New York Court of Appeals· 2006-12-14· cited 275×
• Wight v. BankAmerica Corp.
  Second Circuit· 2000-05-25· cited 274×
• Diduck v. Kaszycki & Sons Contractors, Inc.
  Second Circuit· 1992-08-31· cited 231×
• Armstrong v. Mcalpin
  Second Circuit· 1983-01-24· cited 145×
• Cromer Finance Ltd. v. Berger
  S.D. New York· 2001-04-17· cited 141×
• Anwar v. Fairfield Greenwich Ltd.
  S.D. New York· 2010-08-18· cited 133×
• Pension Committee of the University of Montreal Pension Plan v. Banc of America Securities, LLC
  S.D. New York· 2006-07-20· cited 110×
• Prudential-Bache Securities, Inc. v. Citibank, N. A.
  New York Court of Appeals· 1989-02-23· cited 101×
• Oster v. Kirschner
  Appellate Division of the Supreme Court of New York· 2010-07-06· cited 89×
• Kolbeck v. LIT America, Inc.
  S.D. New York· 1996-08-26· cited 74×
• Fraternity Fund Ltd. v. Beacon Hill Asset Management, LLC
  S.D. New York· 2007-03-27· cited 62×
• Kottler v. Deutsche Bank AG
  S.D. New York· 2009-01-09· cited 62×