LaSalle National Bank v. Duff & Phelps Credit Rating Co.

How courts have described this case

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

• rejecting actual malice protection where credit rating was ‘privately contracted for and intended for use in the private placement Offering Memoranda, rather than for publication in a general publication’
• upholding a negligent misrepresentation claim based on a false credit rating
• “[S]imply because one provides goods or services that ultimately benefit the enterprise does not mean that one becomes liable under RICO as a result”
• “[s]imply because one provides goods or services that ultimately benefit the enterprise does not mean that one becomes hable under RICO as a result”
• “.Knowledge of the identity of each particular plaintiff is not necessary, however, if the defendant’s representation is designed to target a ‘select group of qualified investors’ rather than ‘the public at large.’ ”

Source: CourtListener parenthetical corpus (CC0).