Legal Opinion
Lee Ratner and John Zuro, Individually and D/B/A the Grant Company v. Sioux Natural Gas Corp. And Sioux Pipeline Corp.
Court of Appeals for the Fifth Circuit
Decided September 12, 1985No. 82-2309, 84-2383PublishedCited by 37 opinions
1Opinion of the Court
JERRE S. WILLIAMS, Circuit Judge:
The district court adjudged defendants Elliott H. Powers and J.F. Freel, and defendants-appellants Sioux Natural Gas Corporation (Sioux) and Sioux Pipeline Corporation (Sioux Pipeline) liable, in an amount exceeding $18 million, for the securities and common law fraud that a jury found they practiced upon plaintiffs-appellees Lee Ratner, John Zuro, and the Grant Corporation. Holding that plaintiffs did not “purchase” a security, we reverse the judgment to the extent it imposed liability for securities fraud and render judgment on those claims in favor of…
2Cases cited25 opinions
- Aetna Life Insurance v. HaworthSupreme Court of the United States · 1937
- The Boeing Company v. Daniel C. ShipmanCourt of Appeals for the Fifth Circuit · 1969
- United States v. Munsingwear, Inc.Supreme Court of the United States · 1950
- Firefighters Local Union No. 1784 v. StottsSupreme Court of the United States · 1984
- Iron Arrow Honor Society v. HecklerSupreme Court of the United States · 1983
20 more not listed; retrieve them via the Exa API.
3Cited by37 opinions
- Gibraltar Savings, Cross-Appellant v. Ldbrinkman Corp., Cross-Appellee, and Lloyd D. Brinkman, Defendant-CrossCourt of Appeals for the Fifth Circuit · 1988
- Maria Vega, Eva Trevino, on Behalf of Herself and as Next Friend of Pedro Trevino v. John W. GasperCourt of Appeals for the Fifth Circuit · 1994
- Fed. Sec. L. Rep. P 94,019 Mary Margaret Ward, Cross-Appellants v. Succession of Richard W. Freeman, Cross-AppelleesCourt of Appeals for the Fifth Circuit · 1988
- prod.liab.rep.(cch)p. 13,892 John Richards, as Conservator, Etc. v. Michelin Tire Corp., the Budd Company Ford Motor Co.Court of Appeals for the Eleventh Circuit · 1994
- Vieux Carre Property Owners, Residents and Associates, Inc. v. Colonel Lloyd Kent BrownCourt of Appeals for the Fifth Circuit · 1991
32 more not listed; retrieve them via the Exa API.