What are the implications of the Court's instructions to the jury in The Bondholders' appeal?
The following excerpt is from LNC Investments, Inc. v. First Fidelity Bank, N.A. New Jersey, 173 F.3d 454 (2nd Cir. 1999):
The Bondholders' primary contentions on appeal concern the district court's instructions to the jury. "We review a district court's jury instruction de novo." United States v. Masotto, 73 F.3d 1233, 1238 (2d Cir.1996). "A jury instruction is erroneous if it misleads the jury as to the correct legal standard or does not adequately inform the jury on the law." Anderson v. Branen, 17 F.3d 552, 556 (2d Cir.1994). "An erroneous instruction requires a new trial unless the error is harmless." Masotto, 73 F.3d at 1238.
B. Reliance Instruction
The district court's proximate cause instruction included the following reliance component:
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