Legal Opinion

United Housing Foundation, Inc. v. Forman

Supreme Court of the United States

Decided October 6, 1975No. 74-157PublishedCited by 902 opinions

1Opinion of the CourtJustice Powell

The issue in these cases is whether shares of stock entitling a purchaser to lease an apartment in Co-op City, a state subsidized and supervised nonprofit housing cooperative, are “securities” within the purview of the Securities Act of 1933 and the Securities Exchange Act

Co-op City is a massive housing cooperative in New York City. Built between 1965 and 1971, it presently houses approximately 50,000 people on a 200-acre site containing 35 high-rise buildings and 236 town houses. The project was organized, financed, and constructed under the New York State Private Housing Finance Law,…

2Cases cited19 opinions

  1. United States v. American Trucking AssociationsSupreme Court of the United States · 1940
  2. Securities and Exchange Commission v. W. J. Howey Co.Supreme Court of the United States · 1946
  3. Church of the Holy Trinity v. United StatesSupreme Court of the United States · 1892
  4. Tcherepnin v. KnightSupreme Court of the United States · 1967
  5. Securities & Exchange Commission v. C. M. Joiner Leasing Corp.Supreme Court of the United States · 1943

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3Cited by902 opinions

  1. John D. Williamson, Plaintiffs-Appellants-Cross v. Gordon G. Tucker, Defendants-Appellees-CrossCourt of Appeals for the Fifth Circuit · 1981
  2. General Electric Co. v. GilbertSupreme Court of the United States · 1976
  3. International Brotherhood of Teamsters v. DanielSupreme Court of the United States · 1979
  4. Landreth Timber Co. v. LandrethSupreme Court of the United States · 1985
  5. Fed. Sec. L. Rep. P 95,614 the Exchange National Bank of Chicago v. Touche Ross & Co.Court of Appeals for the Second Circuit · 1976

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