1. Home
  2. Browse Decisions
  3. N.W.2d
  4. 427 N.W.2d
  5. 427 N.W.2d 647 (1988)
 

FOLEY v. ALLARD

No. C5-86-2100.

427 N.W.2d 647 (1988)

Deborah FOLEY, Respondent, v. Roger ALLARD, individually and as trustee for Edward Mattson, Respondent. R.J. Steichen & Company, Petitioner, Appellant. Edward Mattson, Respondent.

Supreme Court of Minnesota.

July 29, 1988.

Attorney(s) appearing for the Case

Gregory J. Holly, Philip T. Colton, Minneapolis, for petitioner, appellant.

Richard A. Ohlsen, Grand Forks, N.D., for Edward Mattson.

Richard L. Hendrickson, Minneapolis, for Deborah Foley.

Heard, considered, and decided by the court en banc.

WAHL, Justice.

This case arises under the Minnesota Securities Act, specifically Minn.Stat. § 80A.23, subds. 3, 4 (1986) governing secondary liability. Respondent Deborah Foley brought suit against Roger Allard and R.J. Steichen & Company for securities violations. She alleged that Allard, posing as a Steichen broker, induced her to invest, and then lost, most of her $10,000 investment. A default judgment against Allard in the amount of $42,338.83 was entered...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases