Case ID: f-appx_40/html/0630-01.html
Source: Caselaw Access Project
Author: {"author": "", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

UNITED REPUBLIC INSURANCE COMPANY, Plaintiff-Appellant, v. CHASE MANHATTAN BANK, Fleet Bank, Fleet National Bank, Shawmut Bank Connecticut, c/k/a Fleet National Bank, as Indentured Trustee of the Trust Indenture and Security Agreement, Lincoln Bank, Chase Lincoln Bank, Shawmut Bank Connecticut, National Association, as Trustee of the Trust Indenture and Security Agreement, Bank of New York, as Trustee of Alpha Trust, Alpha Trust, Bank of New York, Defendants-Ap-pellees.
    
      No. 01-9107.
    United States Court of Appeals, Second Circuit.
    July 17, 2002.
    John W. Bailey, Ainsworth, Sullivan, Tracy, Knauf, Warner & Ruslander, P.C., Albany, NY, for Appellant.
    Carolyn G. Nussbaum, Nixon & Peabody, Rochester, New York for defendants-appellees Chase Manhattan Bank, Fleet Bank, Fleet National Bank, Lincoln Bank, and Chase Lincoln Bank, William M. O’Connor, Buchanan Ingersoll, New York, New York, for defendants-appellees, Alpha Trust, Shawmut Bank Connecticut, e/k/a Fleet National Bank, as Indentured Trustee of the Trust Indenture and Security Agreement, and Shawmut Bank Connecticut, c/k/a Fleet National Bank, as Trustee of the Trust Indenture and Security Agreement, Jeffrey Q. Smith, King & Spalding, New York, New York, for defendants-appellees, Bank of New York, and Bank of New York, as Trustee of Alpha Trust.
    Present WINTER, F.I. PARKER, POOLER, Circuit Judges.
   SUMMARY ORDER

UPON DUE CONSIDERATION, IT IS HEREBY ORDERED, ADJUDGED AND DECREED that the decision of said district court be and it hereby is AFFIRMED.

Plaintiff-Appellant URIC appeals from the grant of defendants’ motion to dismiss his First Amended Complaint and the denial of his cross-motion to further amend the complaint entered on August 21, 2001 in the United States District Court for the Northern District of New York, David N. Hurd, Judge. URIC, a Texas corporation in receivership, brought six claims for breach of fiduciary duty, fraud, constructive fraud, negligence, fraudulent conveyance, and conversion against the banks involved in the loan of funds from URIC to a trust and back to URIC’s parent company seeking to recover the $14,000,000.00 lost on the investment. On appeal, URIC challenged the district court’s dismissal of all claims except negligence (dismissed on statute of limitations grounds) and the denial of its motion to further amend the complaint.

This Court affirms the decisions of the district court for substantially the same reasons stated by the district court.

For the reasons set forth above, the judgment of the district court is AFFIRMED.