Andrews v. Browne
Supreme Court of Virginia
1Opinion of the Court
OPINION BY Justice DONALD W. LEMONS.
In this appeal, we consider whether a transaction in which 100% of the stock of a closely held corporation was transferred to a group of three purchasers is regulated by the Virginia Securities Act, Code § 13.1-501 et seq.
I. Facts and Proceedings Below
Before August 31, 2004, Michael Browne ("Browne") and James Stein ("J. Stein") were the sole shareholders of the Manassas Health Club, Inc. ("MHCI"). MHCI operated a health club facility in Prince William County. John Edward Andrews ("Andrews"), a patron of MHCI, expressed an interest in buying MHCI from…
2Cases cited22 opinions
- Securities and Exchange Commission v. W. J. Howey Co.Supreme Court of the United States · 1946
- United Housing Foundation, Inc. v. FormanSupreme Court of the United States · 1975
- Tcherepnin v. KnightSupreme Court of the United States · 1967
- Landreth Timber Co. v. LandrethSupreme Court of the United States · 1985
- People v. FigueroaCalifornia Supreme Court · 1986
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- United States Ex Rel. Lisitza v. Johnson & JohnsonDistrict Court, D. Massachusetts · 2011
- Federal Housing Finance Agency v. HSBC North America Holdings Inc.District Court, S.D. New York · 2013
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