[Download] "Chelsea Associates V. Rapanos" by United States Court Of Appeals For The Sixth Circuit # eBook PDF Kindle ePub Free
eBook details
- Title: Chelsea Associates V. Rapanos
- Author : United States Court Of Appeals For The Sixth Circuit
- Release Date : January 11, 1975
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 63 KB
Description
This is an appeal from a bench trial resulting in a dismissal upon the merits of an action by plaintiff Chelsea Associates charging defendants with violations of Section 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78 (j)(b) and Rule 10b-5, 17 C.F.R. § 240.10b-5, of the Securities Exchange Commission promulgated thereunder.*fn1 Chelsea Associates is a partnership of Tennessee businessmen which was organized solely for the purpose of purchasing shares of Aseco Corporation, a Michigan corporation whose stock was traded in the over-the-counter market. Aseco was essentially a "job shop" operation without any proprietary products of its own, relying instead for its business upon work sub-contracted from other manufacturers and contracts from the United States government.