(DOWNLOAD) "United Food and Commerical Workers Unions v. Philip Morris" by Eleventh Circuit U.S. Court of Appeals # Book PDF Kindle ePub Free
eBook details
- Title: United Food and Commerical Workers Unions v. Philip Morris
- Author : Eleventh Circuit U.S. Court of Appeals
- Release Date : January 22, 2000
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 73 KB
Description
In this appeal, we determine whether clients of an insolvent brokerage qualify as "customers" under the Securities Investor Protection Act ("SIPA" or "the Act"), 15 U.S.C. §Â§ 78aaa-78lll, entitling them to funds from the brokerages estate and, if necessary, the Securities Investor Protection Corporation ("SIPC"). The bankruptcy and district court each concluded that the clients had deposited cash with Old Naples Securities for the purpose of investing in securities, and were therefore "customers" entitled to the protection of SIPA when the court-appointed Trustee liquidated the brokerages assets. Discerning no clear error in the district courts findings of fact, and based upon our legal analysis, we affirm the district court and hold that the clients were customers of Old Naples Securities.
 "United Food and Commerical Workers Unions v. Philip Morris" by Eleventh Circuit U.S. Court of Appeals # Book PDF Kindle ePub Free){kind=link}