NORTHLAND CAPITAL CORP. v. SILVER

No. 83-1449.

735 F.2d 1421 (1984)

NORTHLAND CAPITAL CORPORATION, Appellant, v. A. David SILVER and A. David Silver & Co., et al.

United States Court of Appeals, District of Columbia Circuit.

Decided May 25, 1984.


Attorney(s) appearing for the Case

Harris S. Ammerman, Washington, D.C., for appellant.

Edward M. Waibel, pro se, for appellee.

Before WALD, BORK and STARR, Circuit Judges.


Opinion for the Court filed by Circuit Judge STARR.

Dissenting opinion filed by Circuit Judge WALD.

STARR, Circuit Judge:

This case presents a recurring issue, albeit in a unique factual setting, under the federal securities laws. The question before us is whether the transaction at issue here constituted a "purchase" or "sale" of securities under section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. Northland...

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