Harold S. Ansin, et al. v. River Oaks Furniture, Inc.

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February 3, 1997

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5021 Furniture
423210 Furniture Merchant Wholesalers
securities litigation
Harold S. Ansin, et al. v. River Oaks Furniture, Inc.
Nos. 96-1734 (1st Cir. 1997)
US
Federal Court
1st Circuit
United States Court of Appeals
Lynch

Summary

The First Circuit Court of Appeals affirmed the district court's decision to award damages under SEC Rule 10(b)-5 against the corporation who fraudulently induced a minority shareholder to sell his interest one-year prior to an IPO. The company failed to ...
Harold S. Ansin, et al. v. River Oaks Furniture, Inc.
PDF, Size: 63 KB

See Also

Anticipated IPO Considered in Determining Fair Value

Legal and Court Case Update
February 3, 1997

The 1st Circuit Court of Appeals affirmed the district court's decision to award damages under SEC Rule 10(b)-5 against the corporation that fraudulently induced a minority shareholder to sell his interest one year prior to an IPO.