Legal Opinion
Baumel v. Rosen
Court of Appeals for the Fourth Circuit
Decided May 22, 1969No. Nos. 12648, 12649PublishedCited by 62 opinions
1Opinion of the Court
ALBERT V. BRYAN, Circuit Judge.
The Securities Exchange Act of 1934, 15 U.S.C. § 78a et seq., and an accompanying enforcement rule are the basis for the decrees now on appeal. These orders rescind the purchases by the defendants in 1957 from the plaintiffs of capital stock of the Gulf American Company, a Florida corporation.1 Affirmative misrepresentations by the defendants and their reticence in regard to other facts were found by the District Court, and account for the decision. The purchasers appeal. We, too, uphold the plaintiffs but refuse rescission and award damages.
Section 10 of the…
2Cases cited8 opinions
- J. I. Case Co. v. BorakSupreme Court of the United States · 1964
- Twin-Lick Oil Co. v. MarburySupreme Court of the United States · 1876
- Myzel v. FieldsCourt of Appeals for the Eighth Circuit · 1967
- John B. Janigan v. Frederick B. TaylorCourt of Appeals for the First Circuit · 1965
- Estate Counseling Service, Inc., a Corporation v. Merrill Lynch, Pierce, Fenner & Smith, Incorporated, a CorporationCourt of Appeals for the Tenth Circuit · 1962
3 more not listed; retrieve them via the Exa API.
3Cited by62 opinions
- Randall v. LoftsgaardenSupreme Court of the United States · 1986
- Gustave Gerstle, (Cross-Appellants) v. Gamble-Skogmo, Inc., (Cross-Appellee)Court of Appeals for the Second Circuit · 1973
- Mirkin v. WassermanCalifornia Supreme Court · 1993
- James S. Jordan, Cross-Appellee v. Duff and Phelps, Inc., Claire v. Hansen, and Francis E. Jeffries, Defendants- Cross-AppellantsCourt of Appeals for the Seventh Circuit · 1987
- deHaas v. Empire Petroleum Co.Court of Appeals for the Tenth Circuit · 1970
57 more not listed; retrieve them via the Exa API.