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A. C. FROST & CO. V. COEUR D'ALENE MINES CORP., 312 U. S. 38 (1941)

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U.S. Supreme Court

A. C. Frost & Co. v. Coeur D'Alene Mines Corp., 312 U.S. 38 (1941)

A. C. Frost & Co. v. Coeur D'Alene Mines Corp.

No. 78

Argued December 18, 1940

Decided January 20, 1941

312 U.S. 38

Syllabus

1. The judgment of the state supreme court in this case was based wholly upon an interpretation of the Securities Act of 1933, and is reviewable here. P. 312 U. S. 40.

2. A contract of a corporation granting an option to purchase at a stipulated price a specified number of shares of its treasury stock, held, assuming that a "public offering" was involved, not unenforceable although the optioned shares were not registered under the Securities Act of 1933 as amended. P. 312 U. S. 42.

61 Idaho 21, 98 P.2d 965, reversed.

Certiorari, 311 U.S. 624, to review a judgment denying recovery upon a contract on the ground of invalidity under the Securities Act of 1933.


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