Legal Opinion
Fed. Sec. L. Rep. P 96,351 Securities and Exchange Commission v. Commonwealth Chemical Securities, Inc.
Court of Appeals for the Second Circuit
Decided March 3, 1978No. 496, Docket 76-6175PublishedCited by 277 opinions
1Opinion of the Court
FRIENDLY, Circuit Judge:
This action by the Securities and Exchange Commission (SEC) in the District Court for the Southern District of New York arises from an offering of 50,000 units of common stock and redeemable purchase warrants of Beneficial Labs, Inc. (BL) made by Commonwealth Chemical Securities, Inc. (CCS) on a “best efforts — all or none basis,” and an additional 50,000 units on a “best efforts” basis in the go-go market of late 1971 and early 1972. The offering circular, issued pursuant to SEC Regulation A under the Securities Act of 1933, must be read to be believed. It described…
2Cases cited33 opinions
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Albemarle Paper Co. v. MoodySupreme Court of the United States · 1975
- Beacon Theatres, Inc. v. WestoverSupreme Court of the United States · 1959
- Lorillard v. PonsSupreme Court of the United States · 1978
- Dairy Queen, Inc. v. WoodSupreme Court of the United States · 1962
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3Cited by277 opinions
- Securities and Exchange Commission v. First Jersey Securities, Inc. And Robert E. BrennanCourt of Appeals for the First Circuit · 1996
- Aaron v. Securities & Exchange CommissionSupreme Court of the United States · 1980
- Securities & Exchange Commission v. LawbaughDistrict Court, D. Maryland · 2005
- Fed. Sec. L. Rep. P 97,588 Securities and Exchange Commission v. Stephen MurphyCourt of Appeals for the Ninth Circuit · 1980
- Liu v. SEC. & Exch. Comm'nSupreme Court of the United States · 2020
272 more not listed; retrieve them via the Exa API.