1. Home
  2. Browse Decisions
  3. F.Supp.
  4. 533 F.Supp.
  5. 533 F.Supp. 118 (1981)
 

SECURITIES ADMINISTRATOR v. COLLEGE ASSIST. PLAN

Civ. No. 80-0222A.

533 F.Supp. 118 (1981)

SECURITIES ADMINISTRATOR, Plaintiff-Appellant, v. The COLLEGE ASSISTANCE PLAN (GUAM) INCORPORATED, Enrique A. Sobrepena, Jr., Rose Sobrepena, and Alexander Bernales, Defendants-Appellees.

District Court of Guam, Appellate Division.

December 22, 1981.

Attorney(s) appearing for the Case

Russell Wong, Asst. Atty. Gen., Government of Guam, Agana, Guam, for plaintiff-appellant.

Paul J. Rodgers, Ferenz, Williams, Gruskin & Ashton, Agana, Guam, for defendants-appellees.

Before DUENAS, LAURETA and CONTI, District Judges.

OPINION

LAURETA, District Judge:

Plaintiff-Appellant Securities Administrator appeals the dismissal of its complaint to enjoin defendants' sale of educational funding plans. The issue is whether the plans are investment contracts subject to registration as securities under the Guam Uniform Securities Act. We conclude that they are. We reverse.

In so deciding we hold that under the Guam Uniform Securities Act an investment contract is created whenever...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases