Alabama & N. O. Transp. Co. v. Doyle
District Court, E.D. Michigan
In Equity. Consolidated action by the Alabama & New Orleans Transportation Company, the Continental & Commercial Trust & Savings Bank, N. W. Halsey & Co., H. R. Higginson and others, and A. B. Leach and others, against Edward H. Doyle and others, members of' the Michigan Securities Commission, to restrain the execution of Pub. Acts Mich. 1913, No. 143, known as the “Blue Sky Law.” On motion for a preliminary injunction.
1Per curiam
We take judicial notice of the common understanding that this “Blue Sky Law” was intended, as is said by the Attorney General, “to stop the sale of stock in fly-by-night concerns, visionary oil wells, distant gold mines and other like fraudulent exploitations.” If just this intent had been carried into effect by the act as passed, these cases would not be here; but scrutiny of the law discloses additional and very different effects. It is not confined to corporations, but covers partnershipsissuing, and individuals dealing in, securities; it does not relate alone to stocks, but as well to…
2Cases cited29 opinions
- Ex Parte YoungSupreme Court of the United States · 1908
- Lochner v. New YorkSupreme Court of the United States · 1905
- Paul v. VirginiaSupreme Court of the United States · 1869
- Allgeyer v. LouisianaSupreme Court of the United States · 1897
- Reagan v. Farmers' Loan & Trust Co.Supreme Court of the United States · 1894
24 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Lorenzetti v. American Trust Co.District Court, N.D. California · 1942
- Oklahoma-Texas Trust v. Securities & Exchange CommissionCourt of Appeals for the Tenth Circuit · 1939
- People ex rel. Attorney General v. Sperry & Hutchinson Co.Michigan Supreme Court · 1917
- William R. Compton Co. v. AllenDistrict Court, S.D. Iowa · 1914
- Bracey v. DarstDistrict Court, N.D. West Virginia · 1914
10 more not listed; retrieve them via the Exa API.