Legal Opinion
Securities and Exchange Commission v. J.T. Wallenbrock and Associates Larry Toshio Osaki Van Y. Ichscinotsubo Citadel Capital Management Group, Inc.
Court of Appeals for the Ninth Circuit
Decided December 12, 2002No. 02-55481PublishedCited by 28 opinions
1Opinion of the Court
McKEOWN, Circuit Judge.
At issue in this interlocutory appeal is whether promissory notes purportedly secured by accounts receivable of Malaysian latex glove manufacturers constitute securities under the Securities Act of 1933, 15 U.S.C. § 77b(a)(l), and the Securities Exchange Act of 1934, 15 U.S.C. § 78c(a)(10) (collectively the “Securities Acts”). The Securities and Exchange Commission (“SEC”) characterizes the notes as securities and part of a get-rich-quick Ponzi scheme, while the investment firm claims the notes are legitimate short-term loans that are exempt from the securities laws.…
2Cases cited8 opinions
- International Brotherhood of Teamsters v. DanielSupreme Court of the United States · 1979
- 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
- Reves v. Ernst & YoungSupreme Court of the United States · 1990
- Marine Bank v. WeaverSupreme Court of the United States · 1982
- Fed. Sec. L. Rep. P 94,475 Mary F. El Khadem v. Equity Securities Corporation, a CorporationCourt of Appeals for the Ninth Circuit · 1974
3 more not listed; retrieve them via the Exa API.
3Cited by28 opinions
- Donell v. KowellCourt of Appeals for the Ninth Circuit · 2008
- Canada Life Assurance Co. v. LaPeterCourt of Appeals for the Ninth Circuit · 2009
- Securities & Exchange Commission v. ThompsonCourt of Appeals for the Tenth Circuit · 2013
- Securities and Exchange Commission v. Jt Wallenbrock & Associates Citadel Capital Management Group, Inc., and Larry Toshio Osaki Van Y. IchinotsuboCourt of Appeals for the Ninth Circuit · 2006
- Honig v. KornfeldDistrict Court, S.D. Florida · 2018
23 more not listed; retrieve them via the Exa API.