Brown v. E.F. Hutton Group, Inc.
| Citation | 991 F.2d 1020 |
| Parties | Fed. Sec. L. Rep. P 97,420 Kay N. BROWN; Gilbert Fennema; Minnie G. Fennema; Harold J. Lemmon; Marjorie T. Miller; William C. Findt; William G. Brown; Loyette Eby; David Lawrence; Charles W. Manz, As Trustee for the Manz Family Trust; Jules Belkin; Tony Arlotti; Rita G. Thye; Richard O. Slutzky; Alyson Slutzky; Judith Alterman; Central Machine & Welding, Inc.; George F. Robinson; Margaret B. Sealander; Valerie R. Lynn; Ralph Madoff; Lily Madoff; Ralph G. Bock; Glen M. Carlson; Nila Carlson; Frederick H. Duffield; Elizabeth D. Duffield; Richard J. Paetz; Luana Borchers; Emerson Eby; Madeline Shields; Albert W. Shields; Rosemarie Cobb; Joyce V. Moorehouse; Mary K.O. Sanders; Harry J. Beyer; Elizabeth Beyer, As Trustees for the Beyer Family trust under agreement dated |
| Decision Date | 28 November 1977 |
| Court | United States Courts of Appeals. United States Court of Appeals (2nd Circuit) |
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141 cases
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Eckstein v. Balcor Film Investors
...in the event statements in sales brochures and the prospectus do not agree, the prospectus wins. See Brown v. E.F. Hutton Group, Inc., 991 F.2d 1020, 1033 (2d Cir.1993). "If the investor already possesses information sufficient to call [a] representation into question, he cannot claim later......
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Granite Partners, L.P. v. Bear, Stearns & Co. Inc.
...finance, the existence of a fiduciary relationship, and whether the plaintiff initiated the transaction. See Brown v. E.F. Hutton Group, Inc., 991 F.2d 1020, 1032 (2d Cir.1993). The Second Circuit addressed the requirement for reasonable reliance in Lazard Freres, 108 F.3d at 1542-43. The d......
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Granite Partners, L.P. v. Bear, Stearns & Co., 96 Civ. 7874(RWS).
...a plaintiff has adequately pleaded justifiable reliance can be a proper subject for a motion to dismiss. See Brown v. E.F. Hutton Group, Inc., 991 F.2d 1020, 1032-33 (2d Cir.1993); Independent Order of Foresters v. Donaldson, Lufkin & Jenrette Inc., 919 F.Supp. 149, 154-55 In evaluating whe......
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Abf Capital Management v. Askin Capital Management, 96 Civ. 2578 (RWS).
...circumstances, "information or representations outside of the Prospectus may be material and justify reliance." Brown v. E.F. Hutton Group, 991 F.2d 1020, 1032 n. 4 (2d Cir.1993) ("[W]e do not imply that the defendants can disclaim responsibility for their misrepresentations simply by discl......
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1 firm's commentaries
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Circuit Courts Uphold Dismissal Of Securities Claims Based On Alleged Fraud In Sale Of Auction Rate Securities
...student loan obligations ("SLARS"). Ashland, Inc. v. Morgan Stanley & Co., slip op. at 9, quoting Brown v. E.F. Hutton Group., Inc., 991 F.2d 1020, 1032 (2d Cir. In the securities fraud context, under the Private Securities Litigation Reform Act of 1995 ("PSLRA"), a plaintiff "shall spe......
2 books & journal articles
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Liability of stockbrokers: claims for churning and unsuitability.
...of stock bought was inappropriate, while churning requires showing that quantity of trades was improper); O'Connor, 965 F.2d 893. (38.) 991 F.2d 1020, 1031 (2d Cir. 1993). See also Clark v. John Lamula Investors Inc., 583 F.2d 594 (2d Cir. (39.) See McDonald v. Alan Bush Brokerage Co., 863 ......
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Trust, guilt, and securities regulation.
...(defining in-and-out and cross trading); Hecht, 283 F. Supp. at 427 (discussing switching). (81) See Brown v. E.F. Hutton Group, Inc., 991 F.2d 1020, 1031 (2d Cir. 1993) (applying the suitability doctrine in a section 10(b) suit by investors in an oil and gas limited partnership); Vucinich ......