Nelson v. Stahl

How courts have described this case

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

• finding investment in LLC not a securities interest where investors had direct authority over management of LLC
• finding securities fraud sufficiently pled where defendant was alleged to have misrepresented company’s financial condition
• “The Exchange Act’s definition of security does not refer to membership interests in limited liability companies.”
• “[S]tock, whether in a publicly held company or . . . in a closely held corporation, constitutes a security governed by the federal securities laws.”
• when the contested basis for jurisdiction also constitutes an element of the plaintiff’s claim, the court should not dismiss the claim for lack of subject matter jurisdiction

Source: CourtListener parenthetical corpus (CC0).