Slomiak v. Bear Stearns & Co.

How courts have described this case

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

• holding that § 29(b) voids contracts that “in their inception or as performed are, or become, inherently violative of the Act or regulations thereunder”
• holding that bank’s failure to make required disclosures upon opening of account did “not justify rescission of the account agreement itself or transactions undertaken pursuant to that agreement,” because the alleged violations were “clearly collateral” to the contract
• discussing distinction between unlawful contracts and unlawful-transactions in section 29(b) context

Source: CourtListener parenthetical corpus (CC0).