Legal Opinion
Nanopierce Technologies, Inc. v. Depository Trust & Clearing Corp.
Nevada Supreme Court
Decided September 20, 2007No. 45364PublishedCited by 38 opinions
1Opinion of the Court
OPINION
By the Court, Saitta, J.:
This case arises from respondents’ use of the Stock Borrow Program to facilitate clearing and settling certain broker-to-broker securities transactions. “Clearing and settling” essentially refers to the process by which record ownership of securities is exchanged for funds when sellers transfer securities to purchasers. Respondents are a holding company and its two subsidiary clearing agencies. The clearing agencies and the Stock Borrow Program were created under federal Securities Exchange Commission (Commission) guidelines to expedite the clearing and…
2Cases cited24 opinions
- Cipollone v. Liggett Group, Inc.Supreme Court of the United States · 1992
- New York State Conference of Blue Cross & Blue Shield Plans v. Travelers InsuranceSupreme Court of the United States · 1995
- Herman & MacLean v. HuddlestonSupreme Court of the United States · 1983
- Hillsborough County v. Automated Medical Laboratories, Inc.Supreme Court of the United States · 1985
- Crosby v. National Foreign Trade CouncilSupreme Court of the United States · 2000
19 more not listed; retrieve them via the Exa API.
3Cited by38 opinions
- Pet Quarters, Inc. v. Depository Trust & Clearing Corp.Court of Appeals for the Eighth Circuit · 2009
- Saticoy Bay LLC v. Fed. Nat'l Mortg. Ass'nNevada Supreme Court · 2018
- Cohen v. StevanovichDistrict Court, S.D. New York · 2010
- Whistler Investment, Inc. v. Depository Trust & Clearing Corp.Court of Appeals for the Ninth Circuit · 2008
- Cervantes v. Health Plan of Nevada, Inc.Nevada Supreme Court · 2011
33 more not listed; retrieve them via the Exa API.