In Re Telegroup, Inc. Baroda Hill Investments, Ltd. Leheron Corporation, Ltd. Kimble John Winter v. Telegroup, Inc

How courts have described this case

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

• holding that section 510(b) applies to claims for breach of stock purchase agreement requiring issuer to use its best efforts to register its stock
• concluding that section 510(b) applied to a claim arising from the debtor’s failure to register shares after the securities transaction had been completed
• noting that Congress considered claims of fraud in the issuance of securities to be “at the core of claims” subject to section 510(b)
• noting that Slain and Kripke “coneeptualiz[ed] the issue as one of risk allocation”
• explaining that to arise from the purchase or sale of a security, there must be some nexus or causal relationship between the claim or sale of the security
• finding that the claim at issue arose from the purchase or sale of securities because it would not have arisen but for the purchase of the debtor’s stock

Source: CourtListener parenthetical corpus (CC0).