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Virginia Supreme Court Holds That Sale of Closely-Held Business is Subject to the State Securities Act's Civil Liability Provisions |
July 7, 2008
Previously published on June 2008
The Virginia Supreme Court recently held in Andrews v. Browne, 2008 Va. LEXIS 74 (Va. June 6, 2008), that the sale of stock of a closely-held corporation was subject to the civil liability provisions of the Virginia Securities Act.
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The views expressed in this article are solely the views of the author and not Martindale-Hubbell. This article is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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