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Securities Law

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Mercer Law Review

1995

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Full-Text Articles in Law

Central Bank: The End Of Secondary Liability Under Section 10(B) Of The Securities Exchange Act Of 1934, Stephen H. Brown Jul 1995

Central Bank: The End Of Secondary Liability Under Section 10(B) Of The Securities Exchange Act Of 1934, Stephen H. Brown

Mercer Law Review

In Central Bank of Denver v. First Interstate Bank of Denver, petitioner served as an indentured trustee for bonds issued in 1986 and 1988 to finance public improvements at a planned residential and commercial development. Landowner assessment lien's secured the bonds, and the covenant required the land subject to the lien be worth at least 160 percent of the bond's outstanding principal and interest. The land's developer was to provide petitioner an annual report indicating fulfillment of the 160 percent test. In January 1988, the developer reported to petitioner that land values remained unchanged from the 1986 appraisal. Shortly thereafter, …


Securities Regulation, John L. Latham, Jay E. Sloman Jul 1995

Securities Regulation, John L. Latham, Jay E. Sloman

Mercer Law Review

This Article surveys significant cases decided by the United States Court of Appeals for the Eleventh Circuit ("Eleventh Circuit") during 1993 and 1994 in the field of securities regulation. This Article also examines selected United States Supreme Court decisions during this survey period that affect Eleventh Circuit precedent.