Legal Opinion
Arthur Young & Co. v. Reves
Court of Appeals for the Eighth Circuit
Decided December 2, 1988No. Nos. 87-1726, 87-1727, 88-1014, 87-1803 and 87-2533PublishedCited by 22 opinions
1Opinion of the Court
MAGILL, Circuit Judge.
This case arose out of the bankruptcy of the Farmer’s Cooperative of Arkansas and Oklahoma, Inc. (Co-op). A class comprised of the holders of demand notes (Class) issued by the Co-op obtained a $6.1 million judgment against the Co-op’s independent auditors, Arthur Young & Co. (Arthur Young).1 The judgment followed a jury verdict that Arthur Young violated section 10(b) of the Securities and Exchange Act of 1934, 15 U.S.C. § 78j(b) (Federal Act) and section 67-1256 of the Arkansas Securities Act, Ark.Stat.Ann. § 67-1256 (Arkansas Act) (recodified at Ark.Code Ann. §…
2Cases cited12 opinions
- Sedima, S. P. R. L. v. Imrex Co.Supreme Court of the United States · 1985
- Securities and Exchange Commission v. W. J. Howey Co.Supreme Court of the United States · 1946
- United Housing Foundation, Inc. v. FormanSupreme Court of the United States · 1975
- Landreth Timber Co. v. LandrethSupreme Court of the United States · 1985
- Marine Bank v. WeaverSupreme Court of the United States · 1982
7 more not listed; retrieve them via the Exa API.
3Cited by22 opinions
- Reves v. Ernst & YoungSupreme Court of the United States · 1993
- Reves v. Ernst & YoungSupreme Court of the United States · 1990
- Bernard A. Schlifke and Harvey Kallick, D/B/A K & S Investments Co., a Partnership v. Seafirst Corp. And Seattle-First National BankCourt of Appeals for the First Circuit · 1989
- Arthur Young & Co. v. RevesCourt of Appeals for the Eighth Circuit · 1991
- Thompson v. PeopleSupreme Court of Colorado · 2020
17 more not listed; retrieve them via the Exa API.