Baldassarre v. Rare Metals Derivatives, Inc.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• concluding that transfers of securities pursuant to employment contract are not “sales” of securities
• discussing the analogous Uniform Commercial Code provision, the court concluded that the section did not apply to an employment contract because: \There is no `price' for stock transferred pursuant to an employment contract. The only consideration is the employment itself.\
• plaintiffs agreement to work for defendant in exchange for stock not a sale subject to the statute of frauds

Source: CourtListener parenthetical corpus (CC0).