Oppenheimer v. Harriman National Bank & Trust Co.

301 U.S. 206 (1937)

From our private database of 46,100+ case briefs, written and edited by humans—never with AI.

Oppenheimer v. Harriman National Bank & Trust Co.

United States Supreme Court
301 U.S. 206 (1937)

  • Written by Heather Whittemore, JD

Facts

In 1930 Henry Oppenheimer (plaintiff) was induced to purchase shares of stock in Harriman National Bank & Trust Co. (the bank) (defendant) based on fraudulent statements made by the bank’s president and vice president. In March 1933, after experiencing financial difficulties, the bank closed. In May 1933, Oppenheimer filed a lawsuit in federal district court against the bank, seeking to rescind his stock purchase. During the litigation, the bank was declared insolvent, and a receiver was appointed. The district court ruled in favor of the bank. The court of appeals reversed, holding in favor of Oppenheimer and ordering the bank to pay damages to Oppenheimer after the bank paid the claims made by its unsecured creditors at the time the bank became insolvent. Oppenheimer appealed, arguing that his judgment should be ranked with the bank’s other unsecured creditors.

Rule of Law

Issue

Holding and Reasoning (Butler, J.)

What to do next…

  1. 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 745,000 law students since 2011. Some law schools—such as Yale, Berkeley, and Northwestern—even subscribe directly to Quimbee for all their law students.

    Unlock this case briefRead our student testimonials
  2. 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.

    Learn about our approachRead more about Quimbee

Here's why 745,000 law students have relied on our case briefs:

  • Written by law professors and practitioners, not other law students. 46,100 briefs, keyed to 987 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.

Access this case brief for FREE

With a 7-day free trial membership
Here's why 745,000 law students have relied on our case briefs:
  • Reliable - written by law professors and practitioners, not other law students
  • The right length and amount of information - includes the facts, issue, rule of law, holding and reasoning, and any concurrences and dissents
  • Access in your class - works on your mobile and tablet
  • 46,100 briefs - keyed to 987 casebooks
  • Uniform format for every case brief
  • Written in plain English - not in legalese and not just repeating the court's language
  • Massive library of related video lessons - and practice questions
  • Top-notch customer support

Access this case brief for FREE

With a 7-day free trial membership