Legal Opinion
MCG, Inc. v. Great Western Energy Corp.
Court of Appeals for the Fifth Circuit
Decided March 16, 1990No. 88-7004PublishedCited by 103 opinions
1Opinion of the Court
POLITZ, Circuit Judge:
Finding that it lacked subject matter jurisdiction the district court dismissed the claims of MCG, Inc., Peleo, Inc., Heritage, Inc., Bard, Inc., and Venture, Inc. (collectively MCG), for damages arising out of alleged securities fraud, MCG timely appealed. Concluding that the federal securities laws do not extend to persons who purchase stock available only on foreign markets in a wholly foreign transaction, we affirm.
Background
All of the five plaintiffs-appellants are corporations owned and controlled by Rodney Dockery. The defendants-appellees are three Great Western…
2Cases cited16 opinions
- Bell v. HoodSupreme Court of the United States · 1946
- John D. Williamson, Plaintiffs-Appellants-Cross v. Gordon G. Tucker, Defendants-Appellees-CrossCourt of Appeals for the Fifth Circuit · 1981
- McLain v. Real Estate Board of New Orleans, Inc.Supreme Court of the United States · 1980
- Schoenbaum v. FirstbrookCourt of Appeals for the Second Circuit · 1968
- Bersch v. Drexel Firestone, Inc.Court of Appeals for the Second Circuit · 1975
11 more not listed; retrieve them via the Exa API.
3Cited by103 opinions
- Dino Cinel v. Harry F. Connick, Individually and as District Attorney for the Parish of Orleans, State of LouisianaCourt of Appeals for the Fifth Circuit · 1994
- Robinson v. TCI/US West Communications Inc.Court of Appeals for the Fifth Circuit · 1997
- Okpalobi v. FosterCourt of Appeals for the Fifth Circuit · 1999
- Torres Ex Rel. Mamani v. Southern Peru Copper Corp.Court of Appeals for the Fifth Circuit · 1997
- Dennis J. Turnbull v. United States of America, Defendant-Counter v. Johnny Foster, CounterCourt of Appeals for the Fifth Circuit · 1991
98 more not listed; retrieve them via the Exa API.