Legal Opinion
Pinter v. Dahl
Supreme Court of the United States
Decided June 15, 1988No. 86-805PublishedCited by 764 opinions
1Opinion of the CourtJustice Blackmun
The questions presented by this case are (a) whether the common-law in pari delicto defense is available in a private *625action brought under § 12(1) of the Securities Act of 1933 (Securities Act), 48 Stat. 74, as amended, 15 U. S. C. § 77a et seq., for the rescission of the sale of unregistered securities, and (b) whether one must intend to confer a benefit on himself or on a third party in order to qualify as a “seller” within the meaning of § 12(1).
I
The controversy arises out of the sale prior to 1982 of unregistered securities (fractional undivided interests in oil and gas leases) by…
2Cases cited49 opinions
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Touche Ross & Co. v. RedingtonSupreme Court of the United States · 1979
- Affiliated Ute Citizens of Utah v. United StatesSupreme Court of the United States · 1972
- Santa Fe Industries, Inc. v. GreenSupreme Court of the United States · 1977
- Tcherepnin v. KnightSupreme Court of the United States · 1967
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3Cited by764 opinions
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