Louis A. Movitz, as Trustee, and Estock Corporation, N v. V. First National Bank of Chicago, Cross-Appellee

How courts have described this case

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

• discussing in the fraud context the distinction between transaction causation, or reliance, and loss causation, or proximate cause
• applying the loss-causation doctrine to a negligence case arising under Illinois law in which a plaintiff sought damages from the bank that had advised him in a real estate transaction
• “The requirement of proving loss causation is a general requirement of tort law.”
• plaintiff who purchased commercial building could not prove proximate cause because loss was caused by a city-wide collapse in real estate prices, not the alleged failure to apprise plaintiff about the building’s poor condition or profitability
• apparently combining questions of loss causation and damages

Source: CourtListener parenthetical corpus (CC0).