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Claim that sandwich shop equity interests were securities is toast
15 Dec 2016, 5:00 am by John Jascob
The panel agreed with the lower court's conclusion that the investors failed to adequately allege facts showing that their collective interests constituted investment contracts (Avenue Capital Management II, L.P. v. [read post]
Jim Hamilton's World of Securities Regulation - http://jimhamiltonblog.blogspot.com/