Legal Opinion
Ryder v. Mabry
Court of Civil Appeals of Alabama
Decided October 29, 2010No. 2080992Published
1Opinion of the Court
On Application for Rehearing
BRYAN, Judge.
The opinion of March 12, 2010, is withdrawn, and the following is substituted therefor.
Mark Ryder, the defendant below, appeals from a default judgment entered in favor of the plaintiff below, James F. Ma-bry. We affirm.
On July 27, 2007, Mabry sued Ryder, a resident of Virginia, alleging that Ryder had fraudulently induced him to buy units in People in Profit Systems, Inc. (“PIPS”), that those units constituted securities under Alabama law, and that they were part of a Ponzi scheme, which had resulted in Mabry’s losing the $42,022.67 he had paid for…
2Cases cited12 opinions
- International Shoe Co. v. WashingtonSupreme Court of the United States · 1945
- Burger King Corp. v. RudzewiczSupreme Court of the United States · 1985
- World-Wide Volkswagen Corp. v. WoodsonSupreme Court of the United States · 1980
- Shaffer v. HeitnerSupreme Court of the United States · 1977
- Toys "R" Us, Inc. Geoffrey, Inc. v. Step Two, S.A. Imaginarium Net, S.LCourt of Appeals for the Third Circuit · 2003
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