SURE-SNAP CORP. v. STATE STREET BANK AND TRUST CO.

No. 387, Dockets 91-7607, 91-7611.

948 F.2d 869 (1991)

SURE-SNAP CORPORATION, A New York Corporation; The Estate of Alfred Shure, By and Through its Personal Representative Elaine Shure; Elaine Shure, individually, Plaintiffs-Appellants, v. STATE STREET BANK AND TRUST COMPANY and Bradford National Bank, Defendants-Appellees.

United States Court of Appeals, Second Circuit.

Decided November 7, 1991.


Attorney(s) appearing for the Case

David C. Pollack, Miami, Fla. (Stroock & Stroock & Lavan, Miami, Fla., of counsel), for plaintiffs-appellants.

Charles W. Throckmorton, Miami, Fla. (Corali Lopez-Castro, Kozyak Tropin Throckmorton & Humphreys, P.A., Miami, Fla., of counsel), Daniel J. Lyne, Boston, Mass. (Patricia Bramante Gary, Hanify & King, Boston, Mass., of counsel), for defendants-appellees.

Before LUMBARD, KAUFMAN and KEARSE, Circuit Judges.


IRVING R. KAUFMAN, Circuit Judge:

Restraining litigious plaintiffs from taking more than "one bite of the apple" has been our avowed purpose since the common law doctrine of res judicata first evolved. The question before us today is whether "having one's day" in bankruptcy court precludes the bringing of lender liability claims against the debtor's creditors in a separate, tort-based suit. The timeworn test of sameness of claims, based on transactional, factual,...

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