Fed. Sec. L. Rep. P 94,788 Jack Kerbs v. Fall River Industries, Inc., a Colorado Corporation

How courts have described this case

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

• holding defendant corporation liable for securities fraud because “its president, acting within the scope of his apparent authority as principal officer and agent of the corporation, engaged in conduct which violated provisions of § 10 of the Act and Rule 10b–5”
• holding defendant corporation liable for securities fraud because “its president, acting within the scope of his apparent authority as principal officer and agent of the corporation, engaged in conduct which violated provisions of § 10 of the Act and Rule 10b-5”
• explaining a “principal who puts a servant or other agent in a position which enables the agent, while apparently acting within his authority, to commit a fraud upon third persons is subject to liability to such third persons for the fraud.” (citation modified)
• use of the telephone system involving intrastate communications sufficient to confer jurisdiction under section 78j
• application of vicarious liability principles limited to cases where purpose of securities laws served

Source: CourtListener parenthetical corpus (CC0).