Skip to main content
Federal & State Lawfederalstatelaw.com
Home/Federal/Cases
S.D. New York· 5/4/1988

Zola v. Gordon

Citations

  • 685 F. Supp. 354
  • 1988 U.S. Dist. LEXIS 4239
  • 1988 WL 39172

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).

Judges: Conboy

Read full opinion on CourtListener

Cited by

75 cases in this archive cite this case; the 20 most cited are listed.

Cites

136 cases in this archive are cited by this case; the 20 most cited are listed.

Other cases named Zola v. Gordon

1 other CourtListener record shares this case name.

Sourced from CourtListener / Free Law Project (CC0).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.