Legal Opinion
Ballay v. Legg Mason Wood Walker, Inc.
Court of Appeals for the Third Circuit
Decided February 15, 1991No. Nos. 90-1412, 90-1427PublishedCited by 83 opinions
1Opinion of the Court
OPINION OF THE COURT
MANSMANN, Circuit Judge.
In this lawsuit brought by the named investors against their brokerage firm, Legg Mason Wood Walker, Inc. (“Legg Mason”), for alleged oral misrepresentations made concerning the book value calculation of securities, two issues require resolution in this appeal following a jury trial. The first presents an issue not yet ruled upon by any federal appellate court: whether section 12(2) of the Securities Act of 1933 affords a remedy to a buyer of securities in the secondary market.1 This question is purely one of statutory construction which implicates…
2Cases cited30 opinions
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Consumer Product Safety Commission v. GTE Sylvania, Inc.Supreme Court of the United States · 1980
- Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
- Touche Ross & Co. v. RedingtonSupreme Court of the United States · 1979
- Affiliated Ute Citizens of Utah v. United StatesSupreme Court of the United States · 1972
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3Cited by83 opinions
- Gustafson v. Alloyd Co.Supreme Court of the United States · 1995
- Hoxworth v. Blinder, Robinson & Co.Court of Appeals for the Third Circuit · 1992
- Shapiro v. UJB Financial Corp.Court of Appeals for the Third Circuit · 1992
- Dan H. Hoxworth Louise A. Hoxworth Bradley Gavron Barry Brownstein Richard Donaldson Mary Donaldson Andress Kernick Edward J. Bush, Rose M. Weber Stanley Bernstein Dorothy Bernstein David Reiff Joel Lieberman Jane Scheck Kenneth J. Holtmeyer, on Behalf of Themselves and All Others Similarly Situated v. Blinder, Robinson & Co., Inc. Meyer Blinder John Cox Intercontinental Enterprises, Inc. Bradley Gavron Daniel H. Hoxworth Louise A. Hoxworth Barry Brownstein Richard Donaldson Mary Donaldson Andress Kernick Edward J. Bush Rose M. Weber Stanley Bernstein Dorothy Bernstein David Reiff Joel Lieberman Jane Scheck Kenneth J. Holtmeyer, on Behalf of Themselves and All Others Similarly Situated v. Blinder, Robinson & Co., Inc. Meyer Blinder John Cox Intercontinental Enterprises, Inc. Barry Brownstein Don Townsend Daniel H. Hoxworth Louise A. Hoxworth Bradley Gavron Barry Brownstein Richard Donaldson Mary Donaldson Andress Kernick Edward J. Bush Rose M. Weber Stanley Bernstein Joel Lieberman Jane Scheck Kenneth J. Holtmeyer, on Behalf of Themselves and All Others Similarly Situated v. Blinder, Robinson & Co., Inc. Meyer Blinder Intercontinental Enterprises, Inc. Meyer Blinder and Intercontinental Enterprises, Inc., in No. 92-1108. John Cox, in No. 92-1116Court of Appeals for the Third Circuit · 1992
- General Motors Corporation Chevrolet Motor Division v. The New A.C. Chevrolet, Inc. Dba the New A.C. ChevroletCourt of Appeals for the Third Circuit · 2001
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