Zola v. Gordon

How courts have described this case

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

• holding that where plaintiffs present no evidence that they undertook any inquiry the court must conclude “that plaintiffs remained narcose”
• holding that equitable tolling was inappropriate in civil RICO case where plaintiffs were notified by the IRS that a material asset’s value had been grossly misrepresented
• finding that plaintiffs were on inquiry notice of fraud upon receipt of an IRS letter valuing assets of a limited partnership at an amount significantly less than defendant had represented at sale
• emphasizing that plaintiff was sophisticated rather than a “stereotypical naive” investor
• rejecting plaintiff's contention that the defendant’s continuing failure to disclose material facts which originally had been misrepresented constituted fraudulent concealment sufficient to toll the statute of limitations
• finding a lack of diligence where investors presumed the IRS had not taken certain circumstance into account and where investors chose not to make any inquiry of the IRS

Source: CourtListener parenthetical corpus (CC0).