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DRAFT FOR ATTORNEY REVIEW — NOT FINAL

Section 2

Citation
Section 2
Parent Document
United Housing Foundation, Inc. v. Forman, 421 U.S. 837 (1975)
Effective Date
1975-10-06

Other Sections in This Document (195)

Full Text

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In sum, I conclude that the interests purchased by the stockholders here were “securities” both because they were “stock” and because they were “investment contracts.”5 In my view therefore the Court of Appeals correctly held that the District Court erred in dismissing this suit.6 *867III