Legal Opinion
Brass v. American Film Technologies, Inc.
Court of Appeals for the Second Circuit
Decided March 8, 1993No. 37, Docket 92-7328PublishedCited by 265 opinions
1Opinion of the Court
CARDAMONE, Circuit Judge:
This securities law action was brought against a defendant-corporation that was selling warrants for the purchase of its common stock. Plaintiff’s suit alleging conversion, breach of contract and fraud arose when he met with defendant’s chief executive officer to inquire about the business and ended up purchasing 65,000 of the warrants transferable into the company’s common stock. Unknown to plaintiff, and untold by defendant’s CEO, was the existence of a two-year holding period in which public trading of the common stock was prohibited. Despite the obvious…
2Cases cited33 opinions
- Matsushita Electric Industrial Co., Ltd. v. Zenith Radio CorporationSupreme Court of the United States · 1986
- Conley v. GibsonSupreme Court of the United States · 1957
- Chiarella v. United StatesSupreme Court of the United States · 1980
- Seiden Associates, Inc. v. Anc Holdings, Inc., American National Can Co.Court of Appeals for the Second Circuit · 1992
- Hartford Accident & Indemnity Co. v. WesolowskiNew York Court of Appeals · 1973
28 more not listed; retrieve them via the Exa API.
3Cited by265 opinions
- Chambers v. Time Warner, Inc.Court of Appeals for the Second Circuit · 2002
- Roth v. JenningsCourt of Appeals for the Second Circuit · 2007
- Hirsch v. Arthur Andersen & Co.Court of Appeals for the Second Circuit · 1995
- Lorenz v. CSX Corp.Court of Appeals for the Third Circuit · 1993
- Banque Arabe et Internationale D'Investissement v. Maryland National BankCourt of Appeals for the Second Circuit · 1995
260 more not listed; retrieve them via the Exa API.