Liberty Prop. Trust v. Republic Props. Corp., No. 08-7095
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.
Read Liberty Prop. Trust v. Republic Props. Corp., No. 08-7095
Appellate Information
Argued May 12, 2009
Decided August 21, 2009
Judges
Opinion by Judge Sentelle
Counsel
For Appellants:
J. David Dantzler, Troutman Sanders LLP, Atlanta, GA
For Appellees: