Legal Opinion
Fed. Sec. L. Rep. P 94,781 Olga Hochfelder v. Ernst & Ernst, Leon S. Martin v. Ernst & Ernst
Court of Appeals for the Seventh Circuit
Decided November 22, 1974No. 73-1907, 73-1908PublishedCited by 46 opinions
1Opinion of the Court
SWYGERT, Chief Judge.
Plaintiffs appeal from a grant of summary judgment in favor of the defendant Ernst & Ernst, a firm of independent certified public accountants. The plaintiffs were investors 1 in a fraudulent securities scheme perpetuated by Leston B. Nay, President of First Securities Company of Chicago and owner of ninety-two percent of its stock. First Securities was a small brokerage firm in Chicago which was registered with the Securities and Exchange Commission as a broker-dealer in securities and was a member of the Midwest Stock Exchange as well as the National Association of…
2Cases cited27 opinions
- Holmberg v. ArmbrechtSupreme Court of the United States · 1946
- MacPherson v. . Buick Motor Co.New York Court of Appeals · 1916
- Ultramares Corp. v. ToucheNew York Court of Appeals · 1931
- Bailey v. GloverSupreme Court of the United States · 1875
- Glanzer v. . ShepardNew York Court of Appeals · 1922
22 more not listed; retrieve them via the Exa API.
3Cited by46 opinions
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Fed. Sec. L. Rep. P 95,614 the Exchange National Bank of Chicago v. Touche Ross & Co.Court of Appeals for the Second Circuit · 1976
- Fed. Sec. L. Rep. P 94,975 Michelle K. Tomera, on Behalf of Herself and All Others Similarly Situated v. Arthur T. Galt, Jr.Court of Appeals for the Seventh Circuit · 1975
- Bovee v. Coopers & Lybrand C.P.A.Court of Appeals for the Sixth Circuit · 2001
- Fed. Sec. L. Rep. P 96,030 Henry T. Sanders v. John Nuveen & Co., Inc.Court of Appeals for the Seventh Circuit · 1977
41 more not listed; retrieve them via the Exa API.