[Download] "Rubin v. Schottenstein" by United States Court of Appeals " eBook PDF Kindle ePub Free
eBook details
- Title: Rubin v. Schottenstein
- Author : United States Court of Appeals
- Release Date : January 07, 1998
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 64 KB
Description
The plaintiffs in this securities-fraud case are private investors from the State of New York who invested $153,000 in an Ohio company, Medical Designs, Inc. ("MDI"). The defendants include Richard Barnhart, an attorney who represented MDI in connection with plaintiffs investment; Schottenstein, Zox & Dunn, Barnharts law firm; and the Todds, the two officers (and the majority owners) of MDI. A divided panel of this court previously affirmed the dismissal of the plaintiffs federal- and state-law claims on the grounds that the defendants had no duty to disclose certain facts in connection with plaintiffs investment in MDI, and that, in any event, plaintiffs could not reasonably rely on the misrepresentations or omissions made by an attorney representing MDI. See Rubin v. Schottenstein, Zox & Dunn, 110 F.3d 1247 (6th Cir. 1997). A majority of the active Judges of the court voted to rehear the case en banc, and the panels judgment was thereby vacated. See Rubin v. Schottenstein, Zox & Dunn, 120 F.3d 603 (6th Cir. 1997). We now reverse the judgment of the district court and remand this matter for trial.
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