Legal Opinion

Green v. Karol

Indiana Court of Appeals

Decided March 17, 1976No. 3-174A16PublishedCited by 61 opinions

1Opinion of the CourtStaton, P.J.

In early 1967, Dr. Robert Green purchased securities issued by Igenio la Garita S.A., a Costa Rican corporation. Green paid the corporation $30,000.00 for these securities, which were issued in $6,000.00 units consisting of one debenture with a face value of $5,850.00 and one share of stock with a face value of $150.00. Green received ten shares of stock and no debentures. At the time of the transaction, the securities of the corporation were not registered under the Indiana Securities Law 1 or under federal law. 2

During the fall and winter of 1966, Dr. Herbert Karol had actively encouraged…

2Cases cited38 opinions

  1. Holmberg v. ArmbrechtSupreme Court of the United States · 1946
  2. Bailey v. GloverSupreme Court of the United States · 1875
  3. Myzel v. FieldsCourt of Appeals for the Eighth Circuit · 1967
  4. John B. Janigan v. Frederick B. TaylorCourt of Appeals for the First Circuit · 1965
  5. Fischman v. Raytheon Mfg. Co.Court of Appeals for the Second Circuit · 1951

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3Cited by61 opinions

  1. Arnold v. DirrimIndiana Court of Appeals · 1979
  2. State of Minn. Ex Rel. Hove v. DoeseSouth Dakota Supreme Court · 1993
  3. County of Vanderburgh v. Weddle Bros. Construction Co.Indiana Supreme Court · 2003
  4. Kmart Corp. v. EnglebrightIndiana Court of Appeals · 1999
  5. Stewart v. HicksIndiana Court of Appeals · 1979

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