Legal Opinion

Fed. Sec. L. Rep. P 94,023 United California Bank v. Charles E. Salik

Court of Appeals for the Ninth Circuit

Decided September 17, 1973No. 72-2140PublishedCited by 63 opinions

1Opinion of the Court

WALLACE, Circuit Judge:

Plaintiff-appellee, United California Bank (UCB),. sued in district court alleging a violation of federal securities law and a claim for breach of warranty under state law. Defendants-appellants are residents of the United States and former shareholders of the Salik Bank in Basel, A.G., a corporation organized under the laws of Switzerland.

The complaint stated that UCB had purchased the defendants’ shares of stock in May, 1969, pursuant to a previously-executed purchase agreement. UCB also alleged that after August, 1970, it learned that the Salik Bank (by then,…

2Cases cited16 opinions

  1. Holmberg v. ArmbrechtSupreme Court of the United States · 1946
  2. J. I. Case Co. v. BorakSupreme Court of the United States · 1964
  3. International Union, United Automobile, Aerospace & Agricultural Implement Workers of America v. Hoosier Cardinal Corp.Supreme Court of the United States · 1966
  4. Securities & Exchange Commission v. Capital Gains Research Bureau, Inc.Supreme Court of the United States · 1963
  5. Bailey v. GloverSupreme Court of the United States · 1875

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3Cited by63 opinions

  1. Semegen v. WeidnerCourt of Appeals for the Ninth Circuit · 1985
  2. Blue Sky L. Rep. P 71,586, Fed. Sec. L. Rep. P 97,632 Joseph A. Carothers v. W. Thomas RiceCourt of Appeals for the Sixth Circuit · 1980
  3. Fed. Sec. L. Rep. P 98,722 Securities and Exchange Commission v. The Seaboard Corporation, Etc., Admiralty Fund and Admiralty Fund Growth Series Litigation Trust, Cross-Claimant/appellant v. Hugh Johnson & Company, Inc., Hugh Johnson, Norman Michael Keiser, and Ernst& Ernst, Cross-Defendants/appelleesCourt of Appeals for the Ninth Circuit · 1982
  4. Briley v. State Of CaliforniaCourt of Appeals for the Ninth Circuit · 1977
  5. Blue Sky L. Rep. P 71,223, Fed. Sec. L. Rep. P 95,220 Berry Petroleum Company, an Arkansas Corp. (Dissolved) v. Adams & PeckCourt of Appeals for the Second Circuit · 1975

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