Fox v. Acadia State Bank
Court of Appeals for the Eleventh Circuit
1Per curiam
In this Rule 11 case we affirm the district court’s award of sanctions but remand for further proceedings on the proper amount of sanctions.
I. BACKGROUND
Proceedings before the court imposed sanctions
Plaintiffs Fox, Morton and Porter purchased stock in Defendant Acadia State Bank, but they soon became dissatisfied with their investment and sued, alleging fraud under (1) §§ 12(2) and 17(a) of the Securities Act of 1933, 15 U.S.C. §§ 111, llq, (2) Rule 10(b)(5), and (3) state law. Acadia moved to dismiss the federal securities law claims, and the district court granted the motions with respect…
2Cases cited8 opinions
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- Overton A. Currie, an Individual v. Cayman Resources CorporationCourt of Appeals for the Eleventh Circuit · 1988
- Lehigh Valley Trust Company v. Central National Bank of JacksonvilleCourt of Appeals for the Fifth Circuit · 1969
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