Legal Opinion
Underhill v. Royal
Court of Appeals for the Ninth Circuit
Decided August 29, 1985No. Nos. 84-6210, 84-6211PublishedCited by 87 opinions
1Opinion of the Court
TANG, Circuit Judge:
California Mortgage Exchange, California Mortgage Exchange of Southern California and the principal shareholder of both companies, Carlos Royal, appeal from a judgment entered against them after a jury trial. These defendants were found liable for violations of federal and state securities laws. The plaintiffs cross-appeal the jury’s finding that a director of one of the corporations, Max Hollis, was not derivatively liable for his company’s participation in the illegal securities offering. We affirm.
I. BACKGROUND
Carlos Royal, a real estate businessman in Southern…
2Cases cited18 opinions
- Securities and Exchange Commission v. W. J. Howey Co.Supreme Court of the United States · 1946
- United Housing Foundation, Inc. v. FormanSupreme Court of the United States · 1975
- William Inglis & Sons Baking Co. v. Itt Continental Baking Company, Inc., William Inglis & Sons Baking Co. v. Itt Continental Baking Company, Inc.Court of Appeals for the Ninth Circuit · 1982
- Marine Bank v. WeaverSupreme Court of the United States · 1982
- Fed. Sec. L. Rep. P 97,588 Securities and Exchange Commission v. Stephen MurphyCourt of Appeals for the Ninth Circuit · 1980
13 more not listed; retrieve them via the Exa API.
3Cited by87 opinions
- Reves v. Ernst & YoungSupreme Court of the United States · 1990
- In the Matter of Lewis Anson David Edgeworth, M.D., Debtor. Donna Elaine Houston v. Lewis Anson David Edgeworth, M.D.Court of Appeals for the Fifth Circuit · 1993
- In Re American Hardwoods, Inc., Debtor. American Hardwoods, Inc. v. Deutsche Credit CorporationCourt of Appeals for the Ninth Circuit · 1989
- In Re: Continental AirlinesCourt of Appeals for the Third Circuit · 2000
- Bruce Gilchrist v. Jim Slemons Imports, Inc., and Jim SlemonsCourt of Appeals for the Ninth Circuit · 1986
82 more not listed; retrieve them via the Exa API.