Zerman v. Jacobs

Decision Date11 September 1981
Citation672 F.2d 901
PartiesZerman v. Jacobs 81-7267
CourtU.S. Court of Appeals — Second Circuit

AFFIRMED

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34 cases
  • Kidder Peabody & Co., Inc. v. Unigestion Intern.
    • United States
    • U.S. District Court — Southern District of New York
    • September 28, 1995
    ... ... Kidder invokes the wisdom of Judge Weinfeld, who held that "only unlawful contracts may be rescinded, not unlawful transactions, " Zerman v. Jacobs, 510 F.Supp. 132, 135 (S.D.N.Y.), aff'd, 672 F.2d 901 (2d Cir.1981) (emphasis in original) but ignores Unigestion's bluntly stated claim ... ...
  • Rhoades v. Powell
    • United States
    • U.S. District Court — Eastern District of California
    • September 5, 1986
    ... ... Id. at 682. See also Zerman v. Jacobs, 510 F.Supp. 132, 135 (S.D.N.Y.), aff'd, 672 F.2d 901 (2d Cir.1981); Palmer v. Thomson & McKinnon Auchincloss, Inc., 474 F.Supp. 286, ... ...
  • Krome v. Merrill Lynch & Co., Inc.
    • United States
    • U.S. District Court — Southern District of New York
    • June 17, 1986
    ... ... Supp. 918          An additional consideration is the "`nature of the particular rule and its place in the regulatory scheme.'" Zerman v. Jacobs, 510 F.Supp. 132, 135 (S.D.N.Y.) (quoting Colonial Realty Corp. v. Bache & Co., 358 F.2d 178, 182 (2d Cir.), cert. denied, 385 U.S ... ...
  • Pompano-Windy City Partners v. Bear Stearns & Co.
    • United States
    • U.S. District Court — Southern District of New York
    • June 4, 1992
    ... ... Jacobs, 961 F.2d 359, 363 (2d Cir.1992) (quoting Fed.R.Evid. 704 advisory committee's note). Thus, the Second Circuit "is in accord with other circuits in ... § 29(b) of the Exchange Act, only unlawful contracts may be rescinded, not unlawful transactions made pursuant to lawful contracts." Zerman v. Jacobs, 510 F.Supp. 132, 135 (S.D.N.Y.) (Weinfeld, J.), aff'd, 672 F.2d 901 (1981). Further, rescission of a contract pursuant to Section 29(b) ... ...
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