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Wisetex Trading, Ltd. v. Gindi

Citation: 24 F. App'x 101Docket: Docket No. 01-7033

Court: Court of Appeals for the Second Circuit; January 7, 2002; Federal Appellate Court

Narrative Opinion Summary

The judgment of the United States District Court for the Southern District of New York is affirmed. Wisetex Trading, Ltd. appealed the dismissal of its claims for conversion, unjust enrichment, and imposition of a constructive trust against defendants Irwin Gindi and William B. Wachtel. The appellate court upheld the district court's ruling for reasons detailed in the opinion and order dated January 2, 2001, in case Wisetex Trading Ltd. v. Gindi. Consequently, the district court's judgment stands affirmed.

Legal Issues Addressed

Affirmation of Lower Court Judgment

Application: The appellate court affirmed the district court's decision to dismiss Wisetex Trading, Ltd.'s claims against the defendants.

Reasoning: The judgment of the United States District Court for the Southern District of New York is affirmed.

Dismissal of Claims for Conversion, Unjust Enrichment, and Constructive Trust

Application: The district court's dismissal of Wisetex Trading, Ltd.'s claims for conversion, unjust enrichment, and the imposition of a constructive trust was upheld by the appellate court.

Reasoning: Wisetex Trading, Ltd. appealed the dismissal of its claims for conversion, unjust enrichment, and imposition of a constructive trust against defendants Irwin Gindi and William B. Wachtel.