Legal Opinion

Fed. Sec. L. Rep. P 93,906 Herbert J. Rowe, Cross-Appellants v. Maremont Corporation, Cross-Appellee

Court of Appeals for the Seventh Circuit

Decided August 4, 1988No. 86-2608, 86-2693PublishedCited by 101 opinions

1Opinion of the Court

MANION, Circuit Judge.

Herbert J. Rowe, his wife, Ann M. Rowe, and the Continental Illinois National Bank 1 sued Maremont Corporation for securities fraud under Section 10(b) of the Securities and Exchange Act of 1934, 15 U.S.C. § 78j(b), and SEC Rule 10b-5, 17 C.F.R. § 240.10b-5. 2 The suit arose from a face-to-face transaction in July, 1977 in which Maremont purchased 225,986 shares of stock in Pemcor, Inc. from the Rowes. After a bench trial, the district court entered judgment for the Rowes for $745,423.80 plus prejudgment interest and costs. Mar-emont appeals the district court’s…

2Cases cited39 opinions

  1. Anderson v. City of Bessemer CitySupreme Court of the United States · 1985
  2. Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
  3. Basic Inc. v. LevinsonSupreme Court of the United States · 1988
  4. TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
  5. Affiliated Ute Citizens of Utah v. United StatesSupreme Court of the United States · 1972

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3Cited by101 opinions

  1. Bernard A. Schlifke and Harvey Kallick, D/B/A K & S Investments Co., a Partnership v. Seafirst Corp. And Seattle-First National BankCourt of Appeals for the First Circuit · 1989
  2. Robert Eckstein v. Balcor Film InvestorsCourt of Appeals for the Seventh Circuit · 1993
  3. Steven Lauth v. Covance, Inc.Court of Appeals for the Seventh Circuit · 2017
  4. Hercules & Co. v. Shama Restaurant Corp.District of Columbia Court of Appeals · 1992
  5. Stransky v. Cummins Engine Co.Court of Appeals for the Seventh Circuit · 1995

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