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County of Essex v. First Union National Bank

N.J.January 26, 2006Cited 78 times
Plaintiff WinFirst Union National Bank$2,883,019.15 awarded

Case Details

Judge(s)
Wallace
Status
Published
Procedural Posture
appeal

Related Laws

No specific laws identified for this ruling.

Claim Types

Breach of Contract

Outcome

County won disgorgement claim against First Union National Bank for unlawful kickback scheme. Court held bank must disgorge underwriting fees obtained through bribery, but innocent third-party underwriters are not subject to disgorgement.

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