Official Committee of Unsecured Creditors of Norstan Apparel Shops, Inc. v. Lattman (In Re Norstan Apparel Shops, 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 because private stock sales in connection with an LBO are not “commonly part of the securities trade,” they were not covered by the statute
• “To determine adequacy of capital, a court will consider ... the need for working capital in the specific industry at issue.”

Source: CourtListener parenthetical corpus (CC0).