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Corporations Keyed to O’Kelley
Sennott v. Rodman & Renshaw
Citation:474 F.2d 32 (1973)
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- The Brief Prologue provides necessary case brief introductory information and includes:
- 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.
- Case Doctrines, Acts, Statutes, Amendments and Treatises: Identifies and Defines Legal Authority used in this case.
- 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.
- Rule of Law: Identifies the Legal Principle the Court used in deciding the case.
- 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:
Jordan Rothbart had been an employee of Rodman & Renshaw. No express authority to act on behalf of that firm existed. In 1962, the Securities and Exchange Commission had held that Jordan had between 1955 and 1957, while employed by another broker-dealer, violated certain anti-fraud provisions of the Securities Act. Jordan became a member of the Chicago Board of Trade in 1960 and became acquainted with Richard Sennott who was also an active trader. They met to open a trading account with Rodman in the name of his son, Sennott’s wife. In 1964, Sennott placed orders and delivered checks to Jordan for Skyline stock. Payments for these orders totaled $142,000. No stock options of the type described by Jordan ever existed and the representations were obviously designed to defraud Sennott. Instead of depositing the payments in an escrow account, Jordan placed each check in his wife’s personal checking account and subsequently used the money to pay his own trading losses. Jordan was expelled from the Board of Trade in 1966 for refusing to turn his financial records over to the Business Conduct Committee. The parties disagree over whether William Rothbart knowingly assisted and participated in the efforts of Jordan Rothbart to defraud plaintiffs.
- Issue(s): Lists the Questions of Law that are raised by the Facts of the case.
- Holding: Shares the Court's answer to the legal questions raised in the issue.
- Concurring / Dissenting Opinions: Includes valuable concurring or dissenting opinions and their key points.
- Reasoning and Analysis: Identifies the chain of argument(s) which led the judges to rule as they did.
- The Brief Prologue closes the case brief with important forward-looking discussion and includes:
- Policy: Identifies the Policy if any that has been established by the case.
- Court Direction: Shares where the Court went from here for this case.