MARTIN

v.

ELROD

Citator

Cited By (22 total)

• Rolf v. Blyth, 570 F.2d 38 (2d Cir. 1978)
  …whether it be true or false. Id. (footnotes omitted). It is unquestionable that the common law has served as an interpretive source of securities law concepts. See Holdsworth v. Strong, 545 F. 2d 687, 693-94 (10th Cir. 1976), cert. denied, [*46] 430 U.S. 955, 97 S.Ct. 1600, 51 L.Ed.2d 805 (1977). The common law tort of fraud has adopted a recklessness standard as one means of satisfying the requisite intent element of that cause of action.13 Similarly, securities law cases have recognized that reckles…
• Mansbach v. Prescott, 598 F.2d 1017 (6th Cir. 1979)
  …very useful to analogize between the two, Sundstrand Corp. v. Sun Chemical Corp., 553 F. 2d 1033, 1044 (7th Cir.), cert. den. 434 U.S. 875, 98 S.Ct. 224, 54 L.Ed.2d 155 (1977); Holdsworth v. Strong, 545 F. 2d 687, 693-94 (10th Cir. 1976), cert. den. 430 U.S. 955, 97 S.Ct. 1600, 51 L.Ed.2d 805 (1977).29 At common law, recklessness satisfied the scienter requirement for fraud. Derry v. Peek, [L.R. 1889] 14 A.C. 337, 374; W. Prosser, Law of Torts § 107, at 700-01 (4th ed. 1971); Restatement of Torts § 526(b).3…
• Zobrist v. Coal-X, Inc., 708 F.2d 1511 (10th Cir. 1983)
  …of a security, the defendant, with scien-ter, made a false representation of a material fact upon which the plaintiff justifiably relied to his or her detriment. See Holdsworth v. Strong, 545 F. 2d 687, 694 (10th Cir.1976), (en banc), cert. denied, 430 U.S. 955, 97 S.Ct. 1600, 51 L.Ed.2d 805 (1977). In the instant case, the jury found that the defendants did make the “no risk” representations, that Phil Rasmussen relied on those misrepresentations, and that such reliance was justifiable. The defendants a…

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