Legal Opinion
Fed. Sec. L. Rep. P 95,623 Eckart R. Straub v. Vaisman and Company, Inc., a New Jersey Corporation
Court of Appeals for the Third Circuit
Decided June 15, 1976No. 75-1704, 75-2018PublishedCited by 128 opinions
1Opinion of the Court
OPINION OF THE COURT
WEIS, Circuit Judge.
A sale of securities accomplished by the seller’s flagrantly fraudulent conduct forms the basis of this suit under the Securities Act of 1933 and the Securities Exchange Act of 1934. We reject a contention that, under the circumstances presented, the purchasers are barred from recovery because they failed to make an independent investigation and, instead, relied upon the integri*594ty of the seller. However, finding no authority to permit the assessment of counsel fees, we reverse that part of the judgment making such an award.
Vaisman and Company (VaisCo)…
2Cases cited35 opinions
- Alyeska Pipeline Service Co. v. Wilderness SocietySupreme Court of the United States · 1975
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
- Mills v. Electric Auto-Lite Co.Supreme Court of the United States · 1970
- Newman v. Piggie Park Enterprises, Inc.Supreme Court of the United States · 1968
30 more not listed; retrieve them via the Exa API.
3Cited by128 opinions
- Hutto v. FinneySupreme Court of the United States · 1979
- Huddleston v. Herman & MacLeanCourt of Appeals for the Fifth Circuit · 1981
- Barry Belmont v. MB Investment Partners, Inc.Court of Appeals for the Third Circuit · 2013
- Martin v. Heinold Commodities, Inc.Illinois Supreme Court · 1994
- SHARP, Stanley L. v. COOPERS & LYBRAND, AppellantCourt of Appeals for the Third Circuit · 1981
123 more not listed; retrieve them via the Exa API.