Legal Opinion
Crawford v. Glenns, Inc.
Court of Appeals for the Fifth Circuit
Decided July 5, 1989No. 88-4430PublishedCited by 14 opinions
1Opinion of the Court
WISDOM, Circuit Judge:
I
In this case we consider whether a party with limited involvement in a pork brokering arrangement is a seller of a security under 15 U.S.C. § 111(2). The district court concluded that seller status and liability under section 12(2) of the Securities Act of 1933 extends only to the pork broker who solicited the plaintiff’s investment in the broker’s commodity fund. The plaintiff also asks us to hold liable as a seller under section 12(2) the warehouse company that deposited his investment funds and provided storage and purchase money loans to the broker.
Des Moines Cold…
2Cases cited16 opinions
- Securities and Exchange Commission v. W. J. Howey Co.Supreme Court of the United States · 1946
- United Housing Foundation, Inc. v. FormanSupreme Court of the United States · 1975
- Pinter v. DahlSupreme Court of the United States · 1988
- Abell v. Potomac Insurance CompanyCourt of Appeals for the Fifth Circuit · 1988
- Bernard A. Schlifke and Harvey Kallick, D/B/A K & S Investments Co., a Partnership v. Seafirst Corp. And Seattle-First National BankCourt of Appeals for the First Circuit · 1989
11 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- Craftmatic Securities Litigation v. KraftsowCourt of Appeals for the Third Circuit · 1989
- In Re Craftmatic Securities LitigationCourt of Appeals for the Third Circuit · 1990
- Ryder International Corporation, a Corporation v. First American National BankCourt of Appeals for the First Circuit · 1991
- Pummill v. Greensfelder, Hemker & Gale (In Re Richards & Conover Steel, Co.)United States Bankruptcy Appellate Panel for the Eighth Circuit · 2001
- Shipley v. FergusonMississippi Supreme Court · 1994
9 more not listed; retrieve them via the Exa API.