Legal Opinion
Brockmann Industries, Inc. And Karin T. Brockmann v. Carolina Securities Corp. And Mark A. Kronenfeld
Court of Appeals for the Fourth Circuit
Decided November 21, 1988No. 88-2003PublishedCited by 2 opinions
1Opinion of the Court
POWELL, Associate Justice:
This diversity case arises under the South Carolina Uniform Securities Act, S.C. Code Ann. §§ 35-1-10 to 35-1-1590 (Law Co-op. 1987). The question presented is whether a dissatisfied buyer of securities who accepts a statutory offer of rescission may subsequently bring suit for attorneys’ fees incurred in seeking the rescission. Because we find no authority for such a suit under the Act, we affirm the district court’s dismissal of the buyer’s complaint.
I
The facts are not disputed. In August 1986, appellee Carolina Securities, Inc., through its agent appellee Mark…
2Cases cited6 opinions
- Duke Power Co. v. South Carolina Public Service CommissionSupreme Court of South Carolina · 1985
- Weeks v. McMillanCourt of Appeals of South Carolina · 1987
- Merchant v. Oppenheimer & Co., Inc.District Court, E.D. Virginia · 1983
- McGaha v. MosleyCourt of Appeals of South Carolina · 1984
- Blue Sky L. Rep. P 72,056 Franklin P. Dixon and Mrs. Mae S. Merchant, Executors of the Last Will and Testament of W. Caton Merchant, Jr., Deceased v. Oppenheimer & Co., Inc., Franklin P. Dixon and Mrs. Mae S. Merchant, Executors of the Last Will and Testament of W. Caton Merchant, Jr., Deceased v. Oppenheimer & Co., Inc.Court of Appeals for the Fourth Circuit · 1984
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3Cited by2 opinions
- Mashburn v. First Investors Corp.Court of Appeals of North Carolina · 1993
- Mashburn v. First Investors Corp.Court of Appeals of North Carolina · 1991