Stephen Riden Analyzes Appeals Court Decision in Massachusetts Lawyers Weekly
A recent issue of Massachusetts Lawyers Weekly features discussion with Steve Riden in an article titled “Investor’s suit against foreign bank revived.”
The article covers a decision by the Massachusetts Appeals Court concerning whether a foreign bank had sufficient ties with Massachusetts to be subject to suit within the Commonwealth. The decision was entered in the case titled Von Schönau-Riedweg, et al. v. Rothschild Bank AG.
The decision addresses the exercise of long-arm jurisdiction by a Massachusetts court over a Swiss bank based on the conduct of an advisor that acted as the bank’s agent.
In the article, Steve Riden is quoted as follows:
Attorneys said the decision, while not breaking new ground, is helpful.
“It provides a good road map for any practitioner interested in the status of agency law in Massachusetts,” said Stephen D. Riden, co-chairman of the Boston Bar Association’s Business and Commercial Litigation Section.
Riden also noted the Appeals Court’s “back to basics” approach in looking at “elemental hallmarks” of the existence of an agency-principal relationship, such as the advisor’s use of the bank’s business cards, stationery and email system.
“If you are a putting together an affidavit, you should be looking for things like that,” Riden said.
The article is by Massachusetts Lawyers Weekly’s reporter, Kris Olson / @KO_Reporter.
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