Cooperatives, Securities Violations, and Advisor Liabilities: A Case Study

This article describes facts and actions leading to liability of a cooperative’s attorneys and accountants for securities law violations. The cooperative, through conflicts of interest and failure of those charged with conducting its affairs to meet their responsibilities, purchased a gasohol plant that sent the cooperative into bankruptcy. A “demand note” financing system was conducted in violation of securities laws. Directors, management, and professional advisors were held liable for losses suffered by the cooperative and investors.


Subject(s):
Issue Date:
1987
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/46205
Published in:
Journal of Agricultural Cooperation, Volume 02
Page range:
96-110
Total Pages:
15




 Record created 2017-04-01, last modified 2017-04-27

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