Legal Opinion

Hidell v. International Diversified Investments

Court of Appeals for the Seventh Circuit

Decided July 16, 1975No. 74-1631PublishedCited by 19 opinions

1Per curiam

Defendants Donald and Sally Rosenbloom and International Diversified Investments (“I.D.I.”) appeal from a district court judgment that they violated § 10(b) of the Securities Exchange Act of 1934,1 S.E.C. Rule 10b-5,2 and § 12 of the Illinois Securities Act3 during the solicitation of subscription agreements for the purchase of I.D.I. stock. The court awarded plaintiffs Thomas and Dorothy Hidell $25,000 and intervening plaintiff Harold Frieh $30,000. Plaintiffs also received interest, costs and reasonable attorney’s fees.4

In late 1970 and early 1971 the Rosenblooms had spoken with Frieh about…

2Cases cited30 opinions

  1. Securities and Exchange Commission v. Manor Nursing Centers, Inc.Court of Appeals for the Second Circuit · 1972
  2. Myzel v. FieldsCourt of Appeals for the Eighth Circuit · 1967
  3. List v. Fashion Park, Inc.Court of Appeals for the Second Circuit · 1965
  4. Parrent v. Midwest Rug Mills, Inc.Court of Appeals for the Seventh Circuit · 1972
  5. Lennerth v. MendenhallDistrict Court, N.D. Ohio · 1964

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3Cited by19 opinions

  1. White v. New Hampshire Department of Employment SecuritySupreme Court of the United States · 1982
  2. Delong Corporation v. Raymond International, IncCourt of Appeals for the Third Circuit · 1980
  3. Burton M. Abrams and Marguerite M. Abrams v. Interco IncorporatedCourt of Appeals for the Second Circuit · 1983
  4. Memphis Sheraton Corporation, Cross-Appellant v. Billy J. Kirkley and Robert McCullough Cross-AppelleesCourt of Appeals for the Sixth Circuit · 1980
  5. Fed. Sec. L. Rep. P 99,459 S.Y. Wang v. Earl Dean Gordon & Inland Real Estate Corp., an Illinois Corp., DefendantsCourt of Appeals for the Seventh Circuit · 1983

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