United States DC Circuit

In a securities fraud action, dismissal of the complaint is reversed where the limited partnership units at issue were securities within the meaning of the Securities Exchange Act because, having taken advantage of the corporate form to purchase the limited partnership units, defendants could not disregard that form to avoid liability for the same transaction.

Appellate Information

• Argued 05/12/2009
• Decided 08/21/2009
• Published 08/21/2009

Judges

• Before:  SENTELLE, Chief Judge, GINSBURG, Circuit Judge, and RANDOLPH, Senior Circuit Judge.

Court

• United States DC Circuit

Counsel

• For Appellant:
  
• J. David Dantzler argued the cause for appellants.   With him on the briefs was Mark E. Nagle.


• For Appellees:
  
• George A. Borden argued the cause for appellees.   With him on the brief were Paul Martin Wolff, William T. Burke, Seymour Glanzer, and Leslie R. Cohen.