Northland Capital Corporation v. A. David Silver and A. David Silver & Co.
Court of Appeals for the D.C. Circuit
1Opinion of the Court
STARR, Circuit Judge:
This case presents a recurring issue, albeit in a unique factual setting, under the federal securities laws. The question before us is whether the transaction at issue here constituted a “purchase” or “sale” of securities under section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. Northland Capital Corporation (“Northland”) brought this action under the 1934 Securities Exchange Act, 15 U.S.C. §§ 78a-78kk (1982), (“the ’34 Act”) and under the common law of fraud against A. David Silver, A. David Silver & Co., and various inside and…
2Cases cited17 opinions
- United Mine Workers of America v. GibbsSupreme Court of the United States · 1966
- Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
- Rubin v. United StatesSupreme Court of the United States · 1981
- Bankers Trust Co. v. MallisSupreme Court of the United States · 1978
- Birnbaum v. Newport Steel Corp.Court of Appeals for the Second Circuit · 1952
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- Ascom Hasler Mailing Systems, Inc. v. United States Postal ServiceDistrict Court, District of Columbia · 2012
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