Legal Opinion
C.N.S. Enterprises, Inc. v. G. & G. Enterprises, Inc.
Court of Appeals for the Seventh Circuit
Decided January 13, 1975No. 73-2073PublishedCited by 73 opinions
1Opinion of the Court
SPRECHER, Circuit Judge.
The sole issue presented is whether promissory notes delivered to a bank for loans used to purchase the assets of a small business enterprise constitute “securities” under the Securities Exchange Act of 1934, investing the maker of the notes with a jurisdictional basis for bringing suit in the federal courts.
I
According to the complaint, the “Village Well” is a coin-operated laundry and dry cleaning business located in Justice, Illinois, which had been owned and operated by defendants Giselle Straus-burger, Gladys Lucas and G. & G. Enterprises, Inc., in accordance with…
2Cases cited21 opinions
- Securities and Exchange Commission v. W. J. Howey Co.Supreme Court of the United States · 1946
- Superintendent of Insurance of New York v. Bankers Life & Casualty Co.Supreme Court of the United States · 1971
- Tcherepnin v. KnightSupreme Court of the United States · 1967
- Securities & Exchange Commission v. Capital Gains Research Bureau, Inc.Supreme Court of the United States · 1963
- Securities & Exchange Commission v. National Securities, Inc.Supreme Court of the United States · 1969
16 more not listed; retrieve them via the Exa API.
3Cited by73 opinions
- John D. Williamson, Plaintiffs-Appellants-Cross v. Gordon G. Tucker, Defendants-Appellees-CrossCourt of Appeals for the Fifth Circuit · 1981
- United Housing Foundation, Inc. v. FormanSupreme Court of the United States · 1975
- Fed. Sec. L. Rep. P 95,614 the Exchange National Bank of Chicago v. Touche Ross & Co.Court of Appeals for the Second Circuit · 1976
- Chemical Bank v. Arthur Andersen & Co.Court of Appeals for the Second Circuit · 1984
- Fed. Sec. L. Rep. P 95,494 Great Western Bank & Trust v. Sol KotzCourt of Appeals for the Ninth Circuit · 1976
68 more not listed; retrieve them via the Exa API.