Legal Opinion
Blackmon v. Nexity Financial Corp.
Supreme Court of Alabama
Decided September 22, 2006No. 1041796PublishedCited by 13 opinions
1Opinion of the Court
[EDITORS' NOTE: THIS PAGE CONTAINS HEADNOTES. HEADNOTES ARE NOT AN OFFICIAL PRODUCT OF THE COURT, THEREFORE THEY ARE NOT DISPLAYED.]
This is a securities-fraud case. After Burt Blackmon purchased stock in Nexity Financial Corporation ("Nexity"), he sued Nexity and its directors and officers, alleging that they had misrepresented and failed to disclose material facts when he purchased his stock. The trial court entered a summary judgment in favor of Nexity and its directors and officers. Blackmon appeals; we affirm.
I. Facts and Procedural History
Nexity was incorporated in 1999 as a Delaware…
2Cases cited25 opinions
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
- West v. Founders Life Assur. Co. of FloridaSupreme Court of Alabama · 1989
- Bussey v. John Deere Co.Supreme Court of Alabama · 1988
- Glassman v. Computervision Corp.Court of Appeals for the First Circuit · 1996
- Rombach v. ChangCourt of Appeals for the Second Circuit · 2004
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3Cited by13 opinions
- Dgb, LLC v. Michael HindsSupreme Court of Alabama · 2010
- Swanstrom v. Teledyne Continental Motors, Inc.Supreme Court of Alabama · 2009
- Ex parte Alfa Mutual Insurance Co.Supreme Court of Alabama · 2016
- Fed. Deposit Ins. Corp. v. First Horizon Asset Sec. Inc.District Court, S.D. Illinois · 2018
- Walker v. North American Savings BankCourt of Civil Appeals of Alabama · 2013
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