Haas v. Jefferson National Bank
United States Court of Appeals for the Fifth Circuit
442 F.2d 394 (5th Cir. 1971)
Haas (plaintiff), a resident of Ohio, entered into agreements with Glueck, a resident of Ohio, to purchase Jefferson National Bank (the Bank) (defendant) stock. For the purposes of diversity jurisdiction, the Bank is a citizen of Florida. The shares were issued in Glueck’s name, and Haas alleged that the Bank knew of Haas’ interest in the stock. Glueck then pledged the stock, including Haas’ shares, as collateral for a loan at a second bank. Haas argued that the Bank’s transfer of the stock to the second bank was conversion. Haas sued the Bank in federal court based on diversity jurisdiction. The lower court directed Haas to join Glueck. The case was then dismissed for lack of jurisdiction.
Rule of Law
Holding and Reasoning (Aldisert, J.)
What to do next…
Unlock this case brief with a free (no-commitment) trial membership of Quimbee.
You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 97,000 law students since 2011. Some law schools—such as Yale, Vanderbilt, Berkeley, and the University of Illinois—even subscribe directly to Quimbee for all their law students. Read our student testimonials.
Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.
Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students. Read more about Quimbee.
Here's why 154,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 13,500 briefs, keyed to 184 casebooks. Top-notch customer support.
- The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
- Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
- Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.