Matek v. Murat, 862 F.2d 720 (1988)

Are the partnership interests securities under the federal securities laws?

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The 9th Circuit Court of Appeals decided that the focus of the analysis should be on the expectations the parties had in the original transaction. To determine the expectations, the court looked at the terms of the contract, not how the business entity carried out its affairs.

Full case and case summary are also available online at: http://www.mlmlegal.com/legal-cases/Matek_v_Murat.php

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Published In: Civil Procedure Updates, MLM / Direct Sales Updates, MLM Consulting / Network Marketing Updates, Securities Updates

Reference Info:Federal, 9th Circuit, California | United States

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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