Kansas v. Ridenhour

Is an airplane investment program a security, and can the promoters of the program be held liable as sellers of securities?

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The Supreme Court of Kansas was asked if summary judgment was appropriate to determine that an airplane investment program was a security, and that the promoters of the program could be held liable as sellers of securities.

The full case and case summary are also available online at: http://www.mlmlegal.com/legal-cases/Kansas_v_Ridenhour.php

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

Reference Info: | 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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