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CITIBANK GLOBAL MARKETS, INC. v. RODRÍGUEZ SANTANA

Nos. 08-1533, 08-1739.

573 F.3d 17 (2009)

CITIBANK GLOBAL MARKETS, INC. d/b/a Smith Barney, Plaintiff, Appellee/Cross-Appellant, v. Luis RODRÍGUEZ SANTANA, Executor of the Estate of Luis Fernández Ramírez; Eli Díaz Rodríguez, Executor of the Estate of Luis Fernández Ramírez; Alfer Realty & Development Corp.; Central Plaza Corp.; Commonwealth Promoters, Inc.; Ogima Investments Corp., Defendants/Third-Party Plaintiffs-Appellants/Cross-Appellees, v. Jane Doe-Hernandez; Conjugal Partnership Doe-Hernandez; Juan Carlos Hernandez, Third-Party Defendants-Appellees.

United States Court of Appeals, First Circuit.

Decided July 17, 2009.

Attorney(s) appearing for the Case

Rubén T. Nigaglioni, with whom Nigaglioni & Ferraiuoli Law Offices, PSC, was on brief, for defendant, third-party plaintiffs and appellants/cross-appellees.

Néstor M. Méndez Gómez, with whom Janitza M. García-Marrero and Pietrantoni Mendez & Alvarez LLP, were on brief, for plaintiff-appellee/cross-appellant.

Before LIPEZ, HANSEN, and HOWARD, Circuit Judges.

HOWARD, Circuit Judge.

In this appeal from the dismissal of a counterclaim, the appellants ask us to either set aside or reform a settlement agreement between two sophisticated parties because the circumstances of the negotiation carry a whiff of unseemliness, and there has been a suggestion of fraud. Considering all of the facts and circumstances surrounding the negotiation, we conclude that the settlement agreement is binding under Puerto Rico law, and we detect...

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