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: Securities Law Prof Blog

Second Circuit Finds that LLC Interest is a Security

By Securites Lawprof

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The Second Circuit addressed the definitional question of a "security" in a recent criminal case, U.S. v. Leonard (June 11, 2008), and held that an interest in a limited liability company organized to produce a movie was an "investment contract,"...

Full post as published by Securities Law Prof Blog on June 15, 2008 (boomark / email).

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