Legal Opinion
Fed. Sec. L. Rep. P 91,512 Richard N. Abrams v. Oppenheimer Government Securities, Inc. And James Zurek
Court of Appeals for the Seventh Circuit
Decided May 30, 1984No. 83-1811PublishedCited by 24 opinions
1Opinion of the Court
CUMMINGS, Chief Judge.
This interlocutory appeal presents the issue of whether a Government National Mortgage Association (“GNMA”) forward contract constitutes the purchase and sale of the underlying GNMA security and therefore is regulated by the antifraud provisions of the securities laws, even though the GNMA forward contract itself is not a security as defined by the securities laws. We affirm the district court’s holding that the antifraud provisions apply. ■
I
On February 6, 1981, plaintiff Richard Abrams entered into an agreement with defendant Oppenheimer Government Securities, Inc.…
2Cases cited19 opinions
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
- Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
- Superintendent of Insurance of New York v. Bankers Life & Casualty Co.Supreme Court of the United States · 1971
- Rubin v. United StatesSupreme Court of the United States · 1981
- International Brotherhood of Teamsters v. DanielSupreme Court of the United States · 1979
14 more not listed; retrieve them via the Exa API.
3Cited by24 opinions
- Manufacturers Hanover Trust Co. v. Drysdale Securities Corp.Court of Appeals for the Second Circuit · 1986
- W. Floyd Messer, Sr., Individually v. E.F. Hutton & Co., a Delaware Corporation, Raphael M. Kelly, Individually, Henry Herschaft, IndividuallyCourt of Appeals for the Eleventh Circuit · 1988
- Messer v. E.F. Hutton & Co.Court of Appeals for the Eleventh Circuit · 1987
- Kirby v. Cullinet Software, Inc.District Court, D. Massachusetts · 1989
- Fisher v. SamuelsDistrict Court, N.D. Illinois · 1988
19 more not listed; retrieve them via the Exa API.