Legal Opinion
Fed. Sec. L. Rep. P 95,361 Wayne Carlson v. Bear, Stearns & Company Incorporated, a Foreign Corporation
Court of Appeals for the Seventh Circuit
Decided July 5, 1990No. 89-1936PublishedCited by 16 opinions
1Opinion of the Court
BAUER, Chief Judge.
This diversity action concerns the rescission of certain stock transactions pursuant to the Illinois Securities Act, ch. I2IV2, § 137.13. Following a bench trial, the district court entered judgment for plaintiffs, 19 individuals and one corporation, and against their broker, Patten Securities Corporation (“Patten Securities” or “Patten”), and its salesperson, Saul Ring. The court rescinded the transactions due to the defendants’ failure to register as dealers and salespersons and their failure to register the securities under the Illinois Securities Act. The district…
2Cases cited12 opinions
- Fed. Sec. L. Rep. P 97,357 Marbury Management, Inc., and Harry Bader, Plaintiffs-Appellants-Appellees v. Alfred Kohn, and Wood, Walker & Co.Court of Appeals for the Second Circuit · 1980
- Martin v. Orvis Bros. & Co.Appellate Court of Illinois · 1974
- Fed. Sec. L. Rep. P 95,347 Henry T. Sanders v. John Nuveen & Co., Inc.Court of Appeals for the Seventh Circuit · 1975
- Baum v. Phillips, Appel & Walden, Inc.District Court, S.D. New York · 1986
- Norville v. Alton Bigtop Restaurant, Inc.Appellate Court of Illinois · 1974
7 more not listed; retrieve them via the Exa API.
3Cited by16 opinions
- Harrison v. Dean Witter Reynolds, Inc.Court of Appeals for the Seventh Circuit · 1992
- McDaniel v. Bear Stearns & Co., Inc.District Court, S.D. New York · 2002
- Matter of Lake States Commodities, Inc.District Court, N.D. Illinois · 1996
- First Montauk Securities Corp. v. Four Mile Ranch Development Co.District Court, S.D. Florida · 1999
- Lehman Bros. Inc. v. CERTIFIED REPORTINGDistrict Court, N.D. Illinois · 1996
11 more not listed; retrieve them via the Exa API.