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Privity of Contract Rescission

Allen Matkins

Section 25501.5 – I Ask Again What Do It Mean?

Allen Matkins on

Corporations Code Section 25501.5 generally authorizes an action for rescission (or damages, if the security is no longer owned) by any person “who purchases a security from or sells a security to a broker-dealer that is...more

Allen Matkins

Federal Court Sides With Second DCA In Privity Split

Allen Matkins on

In Moss v. Kroner, 197 Cal. App. 4th 860 (2011), the Second District Court of Appeal found that rescission was available to a plaintiff under Corporations Code Section 25504 even though the plaintiff was not in privity with...more

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