Legal Opinion
Fed. Sec. L. Rep. P 96,007 Willie Bell, Jr. v. Health-Mor, Inc.
Court of Appeals for the Fifth Circuit
Decided May 24, 1977No. 75-1485PublishedCited by 89 opinions
1Opinion of the Court
GODBOLD, Circuit Judge:
The case before us raises two questions. First, whether an arrangement commonly known as a referral sales agreement can be an “investment contract” and therefore a security within the meaning of the federal Securities Acts, 15 U.S.C. §§ 77a et seq., 78a et seq. Second, whether a private right of action may be implied from the federal Mail Fraud and Lottery statutes, 18 U.S.C. §§ 1302, 1341.
Defendants-appellees sell vacuum cleaners door to door, on a time-payment basis with the resulting consumer installment notes immediately discounted to financial institutions. The…
2Cases cited14 opinions
- Bell v. HoodSupreme Court of the United States · 1946
- Securities and Exchange Commission v. W. J. Howey Co.Supreme Court of the United States · 1946
- Fed. Sec. L. Rep. P 93,748 Securities and Exchange Commission v. Glenn W. Turner Enterprises, Inc.Court of Appeals for the Ninth Circuit · 1973
- Fed. Sec. L. Rep. P 94,710 Securities and Exchange Commission v. Koscot Interplanetary, Inc.Court of Appeals for the Fifth Circuit · 1974
- Fed. Sec. L. Rep. P 94,737 Juanita McClure v. The First National Bank of Lubbock, Texas, Defendants-Appellees,gaines County DevelopmentsCourt of Appeals for the First Circuit · 1974
9 more not listed; retrieve them via the Exa API.
3Cited by89 opinions
- Allan Campbell v. Air Jamaica LTDCourt of Appeals for the Eleventh Circuit · 2014
- Luis E. Garcia, M.D. v. Copenhaver, Bell & Associates, m.d.'s, P.A., Defendant-Third Party St. Paul Fire & Marine Insurance Company, Third PartyCourt of Appeals for the Third Circuit · 1997
- Robert R. Wisdom Nancy J. Wisdom v. First Midwest Bank, of Poplar Bluff Jerry F. McLane Jerry Dorton Joey McLaneCourt of Appeals for the First Circuit · 1999
- The MD Anderson Cancer Center v. NovakTexas Supreme Court · 2001
- Richard L. Moore v. Lafayette Life Insurance Co., an Indiana Corporation Michigan Tooling Association, a Michigan Corporation Michigan Tooling Association Long Term Disability Plan Michigan Tooling Association Short Term Disability Plan, Jointly and Severally, Richard L. Moore, Plaintiff-Appellant/cross-Appellee v. Lafayette Life Insurance Co., an Indiana Corporation, Defendant-Appellee/cross-Appellant, Michigan Tooling Association, a Michigan Corporation Michigan Tooling Association Long Term Disability Plan Michigan Tooling Association Short Term Disability Plan, Jointly and SeverallyCourt of Appeals for the Sixth Circuit · 2006
84 more not listed; retrieve them via the Exa API.