Legal Opinion
Lewis I. Baurer v. The Planning Group, Inc.
Court of Appeals for the D.C. Circuit
Decided December 4, 1981No. 80-2583PublishedCited by 31 opinions
1Opinion of the Court
Opinion for the Court filed by Circuit Judge WALD.
WALD, Circuit Judge:
This appeal questions whether the term “security,” as defined by the Securities Act of 1933 1 and the Securities Exchange Act of 1934, 2 includes a short-term promissory note given in exchange for funds advanced in anticipation of securing a limited partnership interest. In light of the broad remedial purposes of the securities laws, which mandate sufficiently flexible construction to include “[n]ovel, uncommon, or irregular devices” which function as investments, 3 we hold that the note involved here is a security.
I.…
2Cases cited26 opinions
- United Mine Workers of America v. GibbsSupreme Court of the United States · 1966
- Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
- Securities and Exchange Commission v. W. J. Howey Co.Supreme Court of the United States · 1946
- Rosado v. WymanSupreme Court of the United States · 1970
- Church of the Holy Trinity v. United StatesSupreme Court of the United States · 1892
21 more not listed; retrieve them via the Exa API.
3Cited by31 opinions
- Reves v. Ernst & YoungSupreme Court of the United States · 1990
- Anand Prakash v. American UniversityCourt of Appeals for the D.C. Circuit · 1984
- Chemical Bank v. Arthur Andersen & Co.Court of Appeals for the Second Circuit · 1984
- Financial General Bankshares, Inc. v. Eugene J. Metzger, Financial General Bankshares, Inc., Cross-Appellant v. Eugene J. MetzgerCourt of Appeals for the D.C. Circuit · 1982
- Kleiner v. First National Bank of AtlantaDistrict Court, N.D. Georgia · 1983
26 more not listed; retrieve them via the Exa API.