Legal Opinion
Sterling Trust Co. v. Adderley
Texas Supreme Court
Decided June 17, 2005No. 03-1001PublishedCited by 59 opinions
1Opinion of the CourtJustice O’Neill
The Texas Securities Act (TSA) imposes liability on a person who sells securities “by means of an untrue statement of a material fact or an omission to state a material fact,” and imposes liability on a person who “materially aids a seller, buyer, or issuer of a security” if the person acts “with intent to deceive or defraud or with reckless disregard for the truth or the law.” TEX. REV. CIV. STAT. ANN. ART. 581-33F(2) (Vernon Supp.2004-2005). The trial court and court of appeals interpreted the latter provision to allow aider liability even if the aider was unaware of its role in the…
2Cases cited21 opinions
- St. Amant v. ThompsonSupreme Court of the United States · 1968
- Central Bank of Denver, N. A. v. First Interstate Bank of Denver, N. A.Supreme Court of the United States · 1994
- Kolstad v. American Dental Assn.Supreme Court of the United States · 1999
- State Department of Highways & Public Transportation v. PayneTexas Supreme Court · 1992
- Spencer v. Eagle Star Insurance Co. of AmericaTexas Supreme Court · 1994
16 more not listed; retrieve them via the Exa API.
3Cited by59 opinions
- Columbia Rio Grande Healthcare, L.P. v. HawleyTexas Supreme Court · 2009
- United Scaffolding, Inc. v. James LevineTexas Supreme Court · 2017
- Kastner v. Jenkens & Gilchrist, P.C., Texas Court of Appeals, 5th District (Dallas)2007
- Comprehensive Investment Services, Inc. v. MuddDistrict Court, S.D. New York · 2012
- Navarro v. GRANT THORNTON, LLP, Texas Court of Appeals, 14th District (Houston)2010
54 more not listed; retrieve them via the Exa API.