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Liberty Prop. Trust v. Republic Props. Corp., No. 08-7095

By FindLaw Staff on August 21, 2009 5:44 PM

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:

George A. Borden, Williams & Connolly LLP, Washington, DC

Paul Martin Wolff, Williams & Connolly LLP, Washington, DC

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