Legal Opinion
Union Planters National Bank of Memphis v. Commercial Credit Business Loans, Inc.
Court of Appeals for the Sixth Circuit
Decided July 20, 1981No. 79-1191PublishedCited by 78 opinions
1Opinion of the Court
CELEBREZZE, Senior Circuit Judge.
The principal issue in this case is whether a loan participation agreement executed between two financial institutions constitutes a “security” within the meaning of the Securities Exchange Act of 1934.
I
Plaintiff, Union Planters National Bank of Memphis (the Bank) appeals from a judgment notwithstanding the verdict and the conditional grant of a new trial entered in favor of the defendant, Commercial Credit Business Loans, Inc. 1 (CCBL). In its complaint the Bank sought recission or damages from CCBL for allegedly fraudulent representations made by CCBL’s…
2Cases cited47 opinions
- Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
- Securities and Exchange Commission v. W. J. Howey Co.Supreme Court of the United States · 1946
- United Housing Foundation, Inc. v. FormanSupreme Court of the United States · 1975
- Tcherepnin v. KnightSupreme Court of the United States · 1967
- Rubin v. United StatesSupreme Court of the United States · 1981
42 more not listed; retrieve them via the Exa API.
3Cited by78 opinions
- Chemical Bank v. Arthur Andersen & Co.Court of Appeals for the Second Circuit · 1984
- David Stone and Colleen Stone v. John Wilson Kirk and J.W.K. Land and Cattle Company, Inc.Court of Appeals for the Sixth Circuit · 1993
- Fed. Sec. L. Rep. P 92,024 Futura Development Corporation v. Centex CorporationCourt of Appeals for the First Circuit · 1985
- Resolution Trust Corp. v. StoneCourt of Appeals for the Tenth Circuit · 1993
- In Re Energy Systems Equipment Leasing Securities LitigationDistrict Court, E.D. New York · 1986
73 more not listed; retrieve them via the Exa API.