Legal Opinion
Securities & Exchange Commission v. Culpepper
Court of Appeals for the Second Circuit
Decided September 10, 1959No. 171, Docket 25242PublishedCited by 30 opinions
1Opinion of the Court
HINCKS, Circuit Judge.
On June 21,1956, Micro-Moisture Controls, Inc. (Micro-Moisture), a Delaware corporation, issued 2,396,485 shares of unregistered stock in exchange for the assets of Converters Acceptance Corporation, Ltd. (Converters), a Canadian corporation, which in turn distributed these shares to its thirty-one stockholders. Twenty-six of them immediately granted John Herschorn, one of their number, irrevocable powers of attorney *245for the sole purpose of selling the stock. The Herschorn group, through the record ownership of more than 43% of the common stock of Micro-Moisture, was in…
2Cases cited28 opinions
- United States v. W. T. Grant Co.Supreme Court of the United States · 1953
- Securities and Exchange Commission v. W. J. Howey Co.Supreme Court of the United States · 1946
- Hecht Co. v. BowlesSupreme Court of the United States · 1944
- United States v. Trans-Missouri Freight Assn.Supreme Court of the United States · 1897
- Securities & Exchange Commission v. Ralston Purina Co.Supreme Court of the United States · 1953
23 more not listed; retrieve them via the Exa API.
3Cited by30 opinions
- Securities and Exchange Commission v. The Keller Corporation, Mid-Continent Securities Corp., Earl Bullock, F. Ray BessCourt of Appeals for the Seventh Circuit · 1963
- Ingenito v. Bermec Corp.District Court, S.D. New York · 1977
- Fed. Sec. L. Rep. P 93,507 Securities and Exchange Commission v. Continental Tobacco Company of South Carolina, Inc.Court of Appeals for the Fifth Circuit · 1972
- Securities and Exchange Commission v. G. N. Van Horn, Bert Chesnut and Commercial Capital CorporationCourt of Appeals for the Seventh Circuit · 1966
- Securities & Exchange Commission v. Fifth Avenue Coach Lines, Inc.District Court, S.D. New York · 1968
25 more not listed; retrieve them via the Exa API.