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Saastopankkien Keskus-Osake-Pankki, (Shopbank), Government Guarantee Fund of the Republic of Finland, (Ggf) v. Great Cruz Bay Development Company, Inc., St. John Virgin Grand Villas Associates, Aw Landvest, Inc., Perfect Circle Investments, Inc., Allen-Williams Corp., David L. Allen, Herold Williams, Master Mortgage Investment Fund, Inc., Dennis Berardi, Eileen Berardi, Monica Boyd-Richards, Masonry Products V.I. Corp., Ghi Hotel Management, Inc., Grand Style, Inc., Nicholas

Citation: 74 F.3d 1227Docket: 95-7168

Court: Court of Appeals for the Third Circuit; December 11, 1995; Federal Appellate Court

Narrative Opinion Summary

This case involves Saastopankkien Keskus-Osake-Pankki and the Government Guarantee Fund of the Republic of Finland as plaintiffs in a legal dispute against multiple defendants, including various companies and individuals. The case was initially heard in the District Court of the Virgin Islands, from which an appeal was filed to the United States Court of Appeals for the Third Circuit. The appellate court reviewed the decision under several docket numbers and affirmed the lower court's ruling on December 12, 1995. The affirmation by the appellate court indicates that the original decision was deemed correct, with no reversible errors identified. The case primarily concerns financial and legal obligations among the parties, although specific claims and defenses are not detailed in the summary provided.

Legal Issues Addressed

Affirmation of Lower Court Decision

Application: The appellate court upheld the decision of the District Court, indicating that the lower court's ruling was correct and no reversible error was found.

Reasoning: The appellate court affirmed the lower court's decision, indicating that the original ruling was upheld without changes.

Jurisdiction of the United States Court of Appeals for the Third Circuit

Application: The case was reviewed by the Third Circuit Court of Appeals, which has jurisdiction over appeals from the District Court of the Virgin Islands.

Reasoning: The appeals court, specifically the United States Court of Appeals for the Third Circuit, reviewed the appeal stemming from a District Court of the Virgin Islands case.