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Securities Regulation Keyed to Coffee
Securities and Exchange Commission v. Koscot Interplanetary, Inc
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- Topic: Identifies the topic of law and where this case fits within your course outline.
- Parties: Identifies the cast of characters involved in the case.
- Procedural Posture & History: Shares the case history with how lower courts have ruled on the matter.
- Case Key Terms, Acts, Doctrines, etc.: A case specific Legal Term Dictionary.
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- The Case Brief is the complete case summarized and authored in the traditional Law School I.R.A.C. format. The Pro case brief includes:
- Brief Facts: A Synopsis of the Facts of the case.
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- Facts: What are the factual circumstances that gave rise to the civil or criminal case? What is the relationship of the Parties that are involved in the case. Review the Facts of this case here:
Koscot Interplanetary, Inc. organized a tri-level pyramid operation for the sale of cosmetics, the difference between each level being the amount of investment and amount of discounts on cosmetics sold to the lower tiers at a greater price. When a current investor brings in a new financier, they get a percentage of the amount the new investor pays to Koscot. Current investors beseeched potential investors to attend meetings where Koscot employees would read from scripts. Once a potential investor decided to invest, the promoting investor was not obligated to perform additional work. The district court found that the Koscot agreement did not involve a sale of investment contract and therefore refused to grant an injunction.
- Issue(s): Lists the Questions of Law that are raised by the Facts of the case.
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- Concurring / Dissenting Opinions: Includes valuable concurring or dissenting opinions and their key points.
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