Block on Trump's Asylum Ban Upheld by Supreme Court
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.
Argued May 12, 2009
Decided August 21, 2009
Opinion by Judge Sentelle