In an action brought by a receiver for a corporation through which a Ponzi scheme was run against various third-parties, denial of defendants’ post-trial motion for judgment of law is vacated and remanded where, although the receiver sufficiently alleged an injury distinct to the corporation to get past the standing threshold, on the facts presented to the jury, neither key individual defendants can be liable to the plaintiff acting as the corporation’s receiver.
Read Marion v. TDI, Inc., No. 06-5173
Appellate Information
On Appeal from the United States District Court for the Eastern District of Pennsylvania
Opinion Filed January 4, 2010
Judges
Before: Ambro, Weis, and Van Antwerpen, Circuit Judges
Opinion by Circuit Judge Ambro
Counsel:
For Appellant: Eugen E. Stearns, Stearns Weaver Miller Weissler Alhadeff & Sitterson; Alan K. Cotler, Reed Smith; Laurence A. Mester, Grossman Law Firm
For Appellee: David D. Langfitt, John H. Lewis, Montgomery McCracken Walker & Rhoads
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