Legal Opinion
Colonial Lincoln-Mercury, Inc. v. Musgrave
Court of Appeals for the Fourth Circuit
Decided December 3, 1984No. Nos. 83-1057, 83-1657PublishedCited by 11 opinions
1Opinion of the Court
JAMES DICKSON PHILLIPS, Circuit Judge:
This diversity action grows out of the sale by appellees and the purchase by appellants of the assets of an automobile dealership and the stock of a related automobile leasing enterprise. After suffering disastrous operating losses immediately following their purchase, the purchasers sued the sellers, principally on claims of common law fraud and securities law violations under Rule 10b-5 of the S.E.C., 17 C.F.R. § 240.10b-5, alleging fraudulent misrepresentations in the negotiations leading to the sale. The sellers counterclaimed for damages allegedly…
2Cases cited7 opinions
- Brady v. Southern Railway Co.Supreme Court of the United States · 1944
- Wilbur L. LOVELACE, Appellant, v. SHERWIN-WILLIAMS COMPANY, AppelleeCourt of Appeals for the Fourth Circuit · 1982
- Stillwell Enterprises, Inc. v. Interstate Equipment Co.Supreme Court of North Carolina · 1980
- Johnson v. OwensSupreme Court of North Carolina · 1965
- Ralston Purina Company v. J. S. Edmunds, J. L. Edmunds and J. W. Edmunds, Co-Partners Doing Business as J. S. Edmunds and SonsCourt of Appeals for the Fourth Circuit · 1957
2 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- Hill v. BCTI Income Fund-IWashington Supreme Court · 2001
- Duran v. Hyundai Motor America, Inc.Court of Appeals of Tennessee · 2008
- Nevada Power Co. v. Monsanto Co.District Court, D. Nevada · 1995
- Gollomp v. MNC Financial, Inc.District Court, D. Maryland · 1991
- Therrell v. Georgia Marble Holdings Corp.Court of Appeals for the Eleventh Circuit · 1992
6 more not listed; retrieve them via the Exa API.