DISCLAIMER:  The following unofficial case summaries are prepared by the clerk's office
                        as a courtesy to the reader. They are not part of the opinion of the court.

063694P.pdf   02/22/2008  Vernon Schaff  v.  Residential Funding
   U.S. Court of Appeals Case No:  06-3694
   U.S. District Court for the District of Minnesota - Minneapolis   
   [PUBLISHED] [Colloton, Author, with Wollman and Beam, Circuit Judges]
   Civil Case - fraud. Dismissal of common law fraud claims for failure to
   plead sufficient causal nexus between injury and allegedly fraudulent
   lenders' certificates is affirmed. The Minnesota Consumer Fraud Act
   requires investor to plead and prove that the loss was foreseeable and
   caused by the materialization of the concealed risk, and the complaint did
   not sufficiently allege proximate causation. Aiding and abetting claim
   was also not sufficiently pled to show proximate cause of losses. Unjust
   enrichment claim does not survive without a valid fraud claim.