Absolute Activist Value Master Fund Ltd. v. Ficeto
United States Court of Appeals for the Second Circuit
2012 U.S. App. LEXIS 4258 (2012)
Transactions involving foreign securities are considered domestic if irrevocable liability is incurred or title passes within the United States.
Relevant Facts
Absolute Capital Management Holdings Limited (plaintiff) alleged that its officers and broker-dealers (defendants) committed fraud by causing the plaintiff to buy shares of penny-stock companies, then inflating the prices for profit.
Issue
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Holding & Reasoning
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Concurrence
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Dissent
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Last updated:
December 8, 2023
Judicial Opinion
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Procedural History
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Citations
2012 U.S. App. LEXIS 4258 (2012)