Equitable Life Assurance Society v. Arthur Andersen & Co.

How courts have described this case

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

• opining that an “extensive ‘measure of control’ over [a counterparty] is consistent with a commercial financing transaction as opposed to a securities transaction.”
• unsubordinated loan from insurance company made in the regular course of its business, limiting the borrower's ability to incur further debt
• “Moreover, the fact that the agreement between Frigitemp and Equitable was an isolated transaction with the resultant notes not designed for public trading indicates that no offering of securities occurred.”
• purchase money security note on a dairy farm

Source: CourtListener parenthetical corpus (CC0).