Legal Opinion
Landreth Timber Co. v. Landreth
Court of Appeals for the Ninth Circuit
Decided March 7, 1984No. 81-3446PublishedCited by 18 opinions
1Opinion of the Court
BROWNING, Chief Judge:
The issue raised in this appeal is whether sale of 100 percent of the stock of a closely-held corporation is a transaction involving a “security” within the meaning of the Securities Act of 1933, 15 U.S.C. §§ 77a-77aa, and the Securities and Exchange Act of 1934, 15 U.S.C. §§ 78a-78kk. The district court held that it was not, relying upon the “sale-of-business” exemption from the Security Acts. We affirm.
I
Defendant Ivan Landreth and his two sons were the sole shareholders of Lan-dreth Timber Co. (Landreth I) which owned a sawmill in Tonasket, Washington. Lan-*1350dreth…
2Cases cited21 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
- Tcherepnin v. KnightSupreme Court of the United States · 1967
- Nancy Anne Spangler, United States of America, Plaintiff-Intervenor-Appellee v. Pasadena City Board of EducationCourt of Appeals for the Ninth Circuit · 1977
- Fed. Sec. L. Rep. P 95,494 Great Western Bank & Trust v. Sol KotzCourt of Appeals for the Ninth Circuit · 1976
16 more not listed; retrieve them via the Exa API.
3Cited by18 opinions
- Yoder v. Orthomolecular Nutrition Institute, Inc.Court of Appeals for the Second Circuit · 1985
- Gary Plastic Packaging Corporation v. Merrill Lynch, Pierce, Fenner & Smith, Inc.Court of Appeals for the Second Circuit · 1985
- Ahern v. GaussoinDistrict Court, D. Oregon · 1985
- Yoder v. Orthomolecular Nutrition Institute, Inc.Court of Appeals for the Second Circuit · 1985
- Great Lakes Chemical Corp. v. Monsanto Co.District Court, D. Delaware · 2000
13 more not listed; retrieve them via the Exa API.