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Civil Procedure Keyed to Freer
Haas v. Jefferson National Bank
Facts
Haas (Plaintiff), a resident of Ohio, entered into agreements with Glueck, a resident of Ohio, to purchase Jefferson National Bank (Defendant) stock. For the purposes of diversity jurisdiction, Defendant is a citizen of Florida. The shares were issued in Glueck’s name, and Plaintiff alleged that Defendant knew of Plaintiff’ interest in the stock. Glueck then pledged the stock, including Plaintiff’ shares, as collateral for a loan at a second bank. Plaintiff argued that Defendant’s transfer of the stock to the second bank was conversion.Plaintiff sued Defendant in federal court based on diversity jurisdiction. The lower court directed Plaintiff to join Glueck. The case was then dismissed for lack of jurisdiction.
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