PaineWebber Inc. v. Magisano (In Re Magisano)

How courts have described this case

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

• rejecting contribution creditor’s attempt to bootstrap the nature of debtor’s fraudulent actions against third-party to creditor’s non-fraud based claims absent assignment or subrogation
• “The existence of an express trust requires a clearly defined trust res, an unambiguous trust relationship, and specific, affirmative duties undertaken by a trustee.”
• “The definition of a fiduciary under § 523(a)(4) is narrower than the traditional definition, and requires the existence of technical or express trusts.”

Source: CourtListener parenthetical corpus (CC0).