Legal Opinion
Redington v. Touche Ross & Co.
Court of Appeals for the Second Circuit
Decided April 21, 1978No. Nos. 136, 144, Dockets 77-7183, 77-7186PublishedCited by 30 opinions
1Opinion of the Court
LUMBARD, Circuit Judge:
In this appeal, rising out of the insolvency and liquidation of the brokerage firm of Weis Securities, Inc. [“Weis”], we are presented with the question whether a private cause of action exists under section 17 of the Securities Exchange Act of 19341 against accountants who prepare misleading statements of a broker’s financial affairs, and if so, who may maintain such an action.
The district court dismissed the claims herein of the Securities Investor Protection Corp. [“SIPC”]2 and of Edward S. Redington, Weis’ Trustee in Liquidation [“Trustee”], believing that no claim…
2Cases cited13 opinions
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Cort v. AshSupreme Court of the United States · 1975
- Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
- J. I. Case Co. v. BorakSupreme Court of the United States · 1964
- National Railroad Passenger Corporation v. National Assn. of Railroad PassengersSupreme Court of the United States · 1974
8 more not listed; retrieve them via the Exa API.
3Cited by30 opinions
- Picard v. JPMorgan Chase & Co. (In Re Bernard L. Madoff Investment Securities LLC)Court of Appeals for the Second Circuit · 2013
- Fed. Sec. L. Rep. P 91,539 Liberty National Insurance Holding Company v. The Charter CompanyCourt of Appeals for the Eleventh Circuit · 1984
- Picard v. Taylor (In Re Park South Securities, LLC)United States Bankruptcy Court, S.D. New York · 2005
- Samuel STERN, Appellant, v. MERRILL LYNCH, PIERCE, FENNER & SMITH, INC., AppelleeCourt of Appeals for the Fourth Circuit · 1979
- Mishkin Ex Rel. Parr Securities Corp. v. Peat, Marwick, Mitchell & Co.District Court, S.D. New York · 1990
25 more not listed; retrieve them via the Exa API.