TITLE

SIA, BMA Fight A Sweeping Precedent

AUTHOR(S)
O'Connor, Colleen
PUB. DATE
May 2005
SOURCE
Investment Dealers' Digest;5/30/2005, Vol. 71 Issue 21, p11
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the Bond Market Association (BMA) and the Securities Industry Association (SIA) recently submitted an amicus brief asking the U.S. Supreme Court to review a recently rendered decision in the growing saga of the case "Dabit versus Merrill lynch Pierce Fenner & Smith," supporting on earlier appeal by Merrill Lynch. A former Merrill Lynch broker alleged that he lost money because of tainted Merrill Lynch research. What sparked the SIA's and MBA's amicus brief to the Supreme Court was the Second Circuit Court of Appeals' ruling that holding claims are not pre-empted by Securities Litigation Uniform Standards Act, a decision that opened the door for the case to be heard in a state court.
ACCESSION #
17200542

 

Related Articles

  • Claim for 5% interest up-to-date when winding up starts. Kobrin, D.L. // Accountancy;Jul1979, Vol. 90 Issue 1031, p18 

    The article presents a case involving Jessel Securities Ltd. in Great Britain. The company issued unsecured loan stock in August 1972, and interest was paid in full up to December 6, 1974. Jessel became insolvent and went into creditors' voluntary liquidation on January 14, 1976. The trustees of...

  • CAN YOU DECIDE THE CASE OF THE WOULD-BE MEMBER?  // Labor Law Journal;Apr51, Vol. 2 Issue 4, p278 

    The article presents information about the fact that can one decide the case of the would-be member. In a company which had a Quarter Century Club for old-timers, a man who had completed his twenty-five years of service-with one interruption-wanted to join the club. Membership had other than...

  • Shares in lieu of dividend to be treated as capital. Keenan, Denis // Accountancy;Jul1993, Vol. 112 Issue 1199, p103 

    This article reports on a case in Great Britain regarding the treatment of shares in lieu of dividend as capital. The case concerned Dora Lee, who died in 1966. She left her shares in a family company to her husband, William, for life and on his death to her son, Michael. In 1972 the shares were...

  • INTERNATIONAL -- ANTITRUST -- ARBITRATION -- NONCOMPETITION CLAUSE.  // Arbitration Journal;Mar1987, Vol. 42 Issue 1, p57 

    This article reviews court decisions regarding arbitration in the U.S. A broad arbitration clause contained in a stockholders' agreement purporting to require arbitration of antitrust claims was unenforceable. Stendig International Inc., held an exclusive U.S. distributorship to market furniture...

  • Commissioner's attempt to assess share sale gains unsuccessful. Flannery, Patrick // Chartered Accountants Journal;Mar2008, Vol. 87 Issue 2, p50 

    The article discusses a case where New Zealand tax Commissioner's attempt to assess share sale gains is denied by the court. According to the author, the Court of Appeal has agreed with the TRA that the Commissioner has made no attempt to consider individual transactions and it is not...

  • Court rulings not consistent. Silver, Mark // Finweek;6/25/2009, p87 

    The article reports on the inconsistency of court rulings on the treatment of value-added tax (VAT) incurred in share-related issues. In a South African (SA) court, a taxpayer was told that expenditure obtained from share issues was preparatory to the creation of taxable supplies. In...

  • Share sale agreement unenforceable. Cooper, Stephanie; Keenan, Denis // Accountancy;May90, Vol. 105 Issue 1161, p44 

    This article reviews the judgment of the British High Court on cases related to the sale of shares--Wilton Group PLC v. Abrams and Others, and Abrams and Another v. Samuelson and Others. The British High Court has refused to help parties to enforce an agreement for the sale of a strategic stake...

  • BMA, SIA Balk at Mandated BCP. Kite, Shane // Securities Industry News;10/28/2002, Vol. 14 Issue 41, p1 

    Focuses on the views of the Bond Market Association and the Securities Industry Association on the interagency white paper about business continuity in the U.S. Implementation of practices imposed by the government; Approach to risk management practices; Deadline for the submission of comments...

  • Abuse of Justice. Shariff, M. Y. // Economic & Political Weekly;6/28/2014, Vol. 49 Issue 26/27, p5 

    Two letters to the editor are presented in response to the article "Akshardham Judgment I: The Law at Work" by Ravi Nair and "Akshardam: Judgment II: Between Callousness and Complicity" by Saurav Datta in the June 21, 2014 issue.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics