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Home / Opinion Digests / Corporate – Blue Sky Law – Business Interest – Stock Subscription – Fraud (access required)

Corporate – Blue Sky Law – Business Interest – Stock Subscription – Fraud (access required)

Where plaintiff filed suit under Virginia's Blue Sky Law and defendants counterclaimed seeking recovery under certain stock subscriptions and for fraud and negligent representations, the plaintiff's claim is denied because the Blue Sky Law is not designed to protect persons purchasing an interest in a business, the plaintiff is liable to the corporation under the ...

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