Legal Opinion
Marine Bank v. Weaver
Supreme Court of the United States
Decided March 8, 1982No. 80-1562PublishedCited by 326 opinions
1Opinion of the CourtChief Justice Burger
We granted certiorari to decide whether two instruments, a conventional certificate of deposit and a business agreement between two families, could be considered securities under the antifraud provisions of the federal securities laws.
J — I
Respondents, Sam and Alice Weaver, purchased a $50,000 certificate of deposit from petitioner Marine Bank on February 28, 1978. The certificate of déposit has a 6-year maturity, and it is insured by the Federal Deposit Insurance Cor poration. The Weavers subsequently pledged the certificate of deposit to Marine Bank on March 17, 1978, to guarantee a $65,000…
2Cases cited11 opinions
- Securities and Exchange Commission v. W. J. Howey Co.Supreme Court of the United States · 1946
- Superintendent of Insurance of New York v. Bankers Life & Casualty Co.Supreme Court of the United States · 1971
- United Housing Foundation, Inc. v. FormanSupreme Court of the United States · 1975
- Tcherepnin v. KnightSupreme Court of the United States · 1967
- Rubin v. United StatesSupreme Court of the United States · 1981
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3Cited by326 opinions
- Stoneridge Investment Partners, LLC v. Scientific-Atlanta, Inc.Supreme Court of the United States · 2008
- Landreth Timber Co. v. LandrethSupreme Court of the United States · 1985
- Reves v. Ernst & YoungSupreme Court of the United States · 1990
- Securities & Exchange Commission v. ZandfordSupreme Court of the United States · 2002
- Perrysburg Township v. City of RossfordOhio Supreme Court · 2004
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