Riggsbee v. Fischer

How courts have described this case

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

• holding that law firm which issued opinion letters in connection with creation of tax shelter owed no fiduciary duty to investors in the shelter
• stating that “[ijt is also well settled that the victim of fraud may not recover the benefit of an alternative agreement overlooked in favor of the fraudulent one.”
• denying existence of fiduciary duty in absence of evidence that lawyers actually knew and understood that non-client investors would rely on tax-opinion letters issued in connection with tax-shelter offering
• denying existence of fiduciary duty in absence of evidence that lawyers actually knew and understood that non-client investors would rely on tax-opinion letters issued in connection with tax-shelter offering
• limited partners breach of fiduciary duty claim against attorneys dismissed due to the “absence of a contractual relationship.”
• attorneys had no fiduciary duty to third-party in absence of contractual relationship or attorney-client relationship

Source: CourtListener parenthetical corpus (CC0).