Davis v. Avco Corp. , 371 F.Supp 782 (1974)

Davis v. Avco Corp.

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The District court denied Avco's motions to dismiss for lack of subject matter jurisdiction and for failure to state a claim because the complaint properly alleged all the necessary elements of a claim of securities fraud and conspiracy. Davis alleged that Avco was jointly liable for soliciting Dare to be Great distributorships in conspiracy with Glen Turner Enterprises. The subject of securities fraud was clearly within the court's jurisdiction and the complaint was properly pled to allow the case to move forward.

Full case is also available at: http://www.mlmlegal.com/legal-cases/Davis_v_AvcoCorp.php

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

Reference Info:Federal, 6th Circuit, Ohio | 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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