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Securities Law

Mercer Law Review

1993

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Full-Text Articles in Law

Securities Regulation, John L. Latham, James A. Shuchart Jul 1993

Securities Regulation, John L. Latham, James A. Shuchart

Mercer Law Review

This Article surveys significant cases decided by the Eleventh Circuit Court of Appeals during 1991 and 1992 in the field of securities regulation. This Article also examines selected Supreme Court decisions during this survey period that affect Eleventh Circuit precedent.


Anderson Chemical V. Portals Water Treatment: Ensuring An Inherent Risk Of Business, Adrian Bradley Dozier Jr. Jul 1993

Anderson Chemical V. Portals Water Treatment: Ensuring An Inherent Risk Of Business, Adrian Bradley Dozier Jr.

Mercer Law Review

In Anderson Chemical v. Portals Water Treatment, the United States District Court for the Middle District of Georgia addressed 'the issue of whether a document executed between two corporations regarding a proposed stock purchase merger and acquisition agreement constituted a binding contract for the sale of securities or a non-binding letter of intent. Specifically, the court addressed a scenario in which a proposed purchaser of securities in an alleged stock purchase agreement made certain oral representations that directly contradicted limiting language in a document executed between the proposed seller and purchaser. The seller then acted in reliance upon the …