Legal Opinion
New York Stock Exchange, Inc. v. Sloan
District Court, S.D. New York
Decided May 2, 1975No. 71 Civ. 2912PublishedCited by 31 opinions
1Opinion of the Court
MEMORANDUM OPINION
LASKER, District Judge.
This suit raises novel questions as to the scope of liability of the New York Stock Exchange (“Exchange”) under § 6 of the Securities Exchange Act of 1934, 15 U.S.C. § 78f. In June 1970, Orvis Brothers & Co., a member firm of the Exchange, commenced liquidation after a period of financial deterioration. The Exchange brings this action to recover some $5,000,000. expended from its Special Trust Fund to compensate public customers of Orvis for the losses which resulted. Defendants are a varied group including the general and limited partners of Orvis,…
2Cases cited29 opinions
- Poller v. Columbia Broadcasting System, Inc.Supreme Court of the United States · 1962
- Securities and Exchange Commission v. W. J. Howey Co.Supreme Court of the United States · 1946
- J. I. Case Co. v. BorakSupreme Court of the United States · 1964
- Tcherepnin v. KnightSupreme Court of the United States · 1967
- Silver v. New York Stock ExchangeSupreme Court of the United States · 1963
24 more not listed; retrieve them via the Exa API.
3Cited by31 opinions
- John D. Williamson, Plaintiffs-Appellants-Cross v. Gordon G. Tucker, Defendants-Appellees-CrossCourt of Appeals for the Fifth Circuit · 1981
- J. Donald GOODWIN, Appellant, v. ELKINS & CO., Robert G. Hayden, Richard Sichenzio, and Gabriel F. Nagy, AppelleesCourt of Appeals for the Third Circuit · 1984
- Fed. Sec. L. Rep. P 96,011 Howard C. Hirsch v. Edmond Du Pont, and Haskins & Sells and New York Stock Exchange, Inc.Court of Appeals for the Second Circuit · 1977
- Fed. Sec. L. Rep. P 95,841 Aubrey B. Lank, as Receiver of Pickard & Company, Incorporated v. The New York Stock ExchangeCourt of Appeals for the Second Circuit · 1977
- Hirsch v. DuPontDistrict Court, S.D. New York · 1975
26 more not listed; retrieve them via the Exa API.