Legal Opinion
Foley v. Allard
Supreme Court of Minnesota
Decided July 29, 1988No. C5-86-2100PublishedCited by 18 opinions
1Opinion of the Court
WAHL, Justice.
This case arises under the Minnesota Securities Act, specifically Minn.Stat. § 80A.23, subds. 3, 4 (1986) governing secondary liability. Respondent Deborah Foley brought suit against Roger Allard and R.J. Steichen & Company for securities violations. She alleged that Allard, posing as a Steichen broker, induced her to invest, and then lost, most of her $10,000 investment. A default judgment against Allard in the amount of $42,338.83 was entered March 6, 1985. Foley further alleged that Steichen had materially aided Allard in his fraudulent scheme by allowing him to receive phone…
2Cases cited22 opinions
- Aaron v. Securities & Exchange CommissionSupreme Court of the United States · 1980
- Metge v. BaehlerCourt of Appeals for the Eighth Circuit · 1985
- Fed. Sec. L. Rep. P 95,351 Billie Jean Woodward v. Metro Bank of DallasCourt of Appeals for the Fifth Circuit · 1975
- Fed. Sec. L. Rep. P 97,357 Marbury Management, Inc., and Harry Bader, Plaintiffs-Appellants-Appellees v. Alfred Kohn, and Wood, Walker & Co.Court of Appeals for the Second Circuit · 1980
- Iit, An International Investment Trust v. Bernard CornfeldCourt of Appeals for the Second Circuit · 1980
17 more not listed; retrieve them via the Exa API.
3Cited by18 opinions
- TROOIEN v. MansourCourt of Appeals for the Eighth Circuit · 2010
- Kirchoff v. SelbyIndiana Supreme Court · 1998
- Schrenker v. StateIndiana Court of Appeals · 2010
- State Ex Rel. Goettsch v. Diacide Distributors, Inc.Supreme Court of Iowa · 1999
- Minneapolis Employees Retirement Fund v. Allison-Williams Co.Supreme Court of Minnesota · 1994
13 more not listed; retrieve them via the Exa API.