Legal Opinion
Franklin National Bank v. L. B. Meadows & Co.
District Court, E.D. New York
Decided June 25, 1970No. 69-C-160PublishedCited by 14 opinions
1Opinion of the Court
MEMORANDUM AND ORDER
WEINSTEIN, District Judge.
Plaintiff, the Franklin National Bank, seeks damages arising from defendants’ alleged violation of § 15(c) (2) of the Securities Act of 1934. 15 U.S.C. § 78o (c) (2). The four defendants, each a broker-dealer involved in over-the-counter transactions, allegedly participated in the creation of a false market for the stock of American Continental Industries, Inc. by submitting fictitious quotations to the National Quotation Bureau for listing in its “pink sheets”. Answering by denials, defendants also maintain that a violation of section 15(c) does…
2Cases cited40 opinions
- United States v. Diebold, Inc.Supreme Court of the United States · 1962
- First Nat. Bank of Ariz. v. Cities Service Co.Supreme Court of the United States · 1968
- Poller v. Columbia Broadcasting System, Inc.Supreme Court of the United States · 1962
- J. I. Case Co. v. BorakSupreme Court of the United States · 1964
- Arnstein v. PorterCourt of Appeals for the Second Circuit · 1946
35 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- United States v. General Motors Corporation, a CorporationCourt of Appeals for the D.C. Circuit · 1975
- Hollingsworth Solderless Terminal Co., a Corporation v. William Turley, an Individual and Hoffman Electronics Corporation, a CorporationCourt of Appeals for the Ninth Circuit · 1980
- John M. Lee v. Flintkote CompanyCourt of Appeals for the D.C. Circuit · 1979
- Duke v. Sanymetal Products Co.Ohio Court of Appeals · 1972
- Fed. Sec. L. Rep. P 95,017 Securities and Exchange Commission v. Management Dynamics, Inc., and William N. Levy, Securities and Exchange Commission v. Management Dynamics, Inc., and Samuel D. HodgeCourt of Appeals for the Second Circuit · 1975
9 more not listed; retrieve them via the Exa API.