James G. Robinson v. Thomas W. Glynn, and Glynn Scientific, Incorporated Geophone Company, LLC

How courts have described this case

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

• holding that specialized experience was not required because the investor showed he was capable of managing his investment
• stating that an investor in an LLC “was a savvy and experienced businessman” in concluding that an interest in an LLC was not an investment contract
• considering argument that LLC membership interests were both investment contracts and stocks
• specialized experience wasn’t required where investor, “a savvy and experienced businessman,” showed he was capable of managing his investment
• “Robinson not only had the power to appoint two of the board members, but he himself assumed one of the board seats and was named as the board’s vice chairman.”
• “Robinson was not interested in sole managerial control of GeoPhone; he was interested instead in sufficient managerial control to ensure that other managers like Glynn could neither harm nor dilute his investment.”

Source: CourtListener parenthetical corpus (CC0).