Legal Opinion
City of Owensboro v. First U. S. Corp.
Court of Appeals of Kentucky (pre-1976)
Decided October 31, 1975PublishedCited by 14 opinions
1Opinion of the Court
REED, Chief Justice.
The issue for decision is the proper statute of limitations applicable to a claim by a purchaser of securities against the seller that the sale was induced by actionable misrepresentation. The circuit court held that the two-year limitations section of the Kentucky Blue Sky Law, KRS 292.-480(3), applied to the claim asserted and that the action was barred. We agree for the reasons later stated.
Appellants, plaintiffs in the court below, sued the defendants-appellees concerning the purchase of certain bonds. Plaintiffs alleged that defendants “by virtue of written…
2Cases cited5 opinions
- Blue Sky L. Rep. P 70,731 David B. Charney, Allen J. Kraft, Harris J. Klein and Charles N. Maybruck v. Donald D. Thomas, Ira A. Lutz and Loyd GibsonCourt of Appeals for the Sixth Circuit · 1967
- Eleanor DOUGLASS, Appellee, v. GLENN E. HINTON INVESTMENTS, INC., a Corporation, AppellantCourt of Appeals for the Ninth Circuit · 1971
- Thomas v. Fidelity Casualty Co. of N. Y.Court of Appeals of Kentucky (pre-1976) · 1935
- Detwiler v. GlavinMichigan Supreme Court · 1965
- First State Bank of Pineville v. SlusherCourt of Appeals of Kentucky (pre-1976) · 1937
3Cited by14 opinions
- Blue Sky L. Rep. P 71,586, Fed. Sec. L. Rep. P 97,632 Joseph A. Carothers v. W. Thomas RiceCourt of Appeals for the Sixth Circuit · 1980
- Herm v. StaffordCourt of Appeals for the Sixth Circuit · 1981
- McGonigle v. CombsCourt of Appeals for the Ninth Circuit · 1992
- Nichols v. Merrill Lynch, Pierce, Fenner & SmithDistrict Court, M.D. Tennessee · 1989
- Payne v. Fidelity Homes of America, Inc.District Court, W.D. Kentucky · 1977
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