(Download) "Molecular Technology Corp. V. Valentine" by United States Court Of Appeals For The Sixth Circuit # Book PDF Kindle ePub Free
eBook details
- Title: Molecular Technology Corp. V. Valentine
- Author : United States Court Of Appeals For The Sixth Circuit
- Release Date : January 11, 1991
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 78 KB
Description
This appeal arises out of a securities litigation case brought by purchasers of convertible debentures issued by SDE Robotics and Automation Company ("SDE") in 1983 for losses suffered as a result of SDE's April 1984 bankruptcy. The purchasers, Molecular Technology Corporation ("MoTech"), Michael May, and Jafar Behbehani, alleged, inter alia, violations of federal securities laws, 15 U.S.C. § 78j(b) and 17 C.F.R. § 240.10b-5 ("section 10(b)/rule 10b-5"), Michigan securities laws, Mich. Comp. Laws §§ 451.501-818 (Michigan's "Blue Sky" law), and state common law claims of negligent misrepresentation. Defendants included Al Valentine, Jim Fors, Keith Crawford and Vincent Swig (officers and directors of SDE), DeWorth Williams, David Williams and David Girkis (directors of SDE), Jack Hunter (a broker and salesman for the debenture offering), Donovan C. Snyder and his Utah law firm, Snyder, Moss & Wilkins, hereinafter collectively referred to as "the Snyder defendants" (attorneys for defendants DeWorth Williams, David Williams, and Al Valentine) and third party defendant Robert Currie, through his law firm Currie, Streper, Haddrill & Segferth, P.C. (SDE's corporate counsel in Michigan)*fn1