Legal Opinion
Securities Investor Protection Corporation v. Seymour Vigman
Court of Appeals for the Ninth Circuit
Decided November 7, 1986No. 85-5786PublishedCited by 37 opinions
1Opinion of the Court
EUGENE A. WRIGHT, Circuit Judge:
Seventy-five defendants allegedly engaged in a fraudulent scheme of stock market manipulation that ultimately caused the failure of two securities brokerages and the loss of many of the brokerage customers’ securities and cash. Appellant, Securities Investor Protection Corporation (SIPC), liquidated the brokerages and reimbursed their customers for the value of the cash and securities as of the liquidation.
SIPC sued the brokers and the third-party defendants as subrogee of the brokers’ customers and in its own right. It alleged several theories of liability,…
2Cases cited30 opinions
- Conley v. GibsonSupreme Court of the United States · 1957
- Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
- Touche Ross & Co. v. RedingtonSupreme Court of the United States · 1979
- Santa Fe Industries, Inc. v. GreenSupreme Court of the United States · 1977
- Superintendent of Insurance of New York v. Bankers Life & Casualty Co.Supreme Court of the United States · 1971
25 more not listed; retrieve them via the Exa API.
3Cited by37 opinions
- Holmes v. Securities Investor Protection CorporationSupreme Court of the United States · 1992
- Louis S. Caiola v. Citibank, N.A., New YorkCourt of Appeals for the Second Circuit · 2002
- Falkowski v. Imation Corp.Court of Appeals for the Ninth Circuit · 2002
- Credit Managers Ass'n v. Kennesaw Life & Accident InsuranceCourt of Appeals for the Ninth Circuit · 1987
- Picard v. Taylor (In Re Park South Securities, LLC)United States Bankruptcy Court, S.D. New York · 2005
32 more not listed; retrieve them via the Exa API.