Fed. Sec. L. Rep. P 97,271 Nelson C. Cameron, Jr. & Helen S. Cameron, Plaintiffs-Appellees-Cross v. Outdoor Resorts of Am., Inc., Etc., Defendants-Appellants-Cross Assocs. Capital Corp., Etc., Joseph E. Karl & Dorothy A. Karl, Plaintiffs-Appellees-Cross v. Outdoor Resorts of Am., Inc., Etc., Defendants-Appellants-Cross Assocs. Capital Corp., Etc., 611 F.2d 105 (5th Cir. 1980). · Go Syfert
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Fed. Sec. L. Rep. P 97,271 Nelson C. Cameron, Jr. & Helen S. Cameron, Plaintiffs-Appellees-Cross v. Outdoor Resorts of Am., Inc., Etc., Defendants-Appellants-Cross Assocs. Capital Corp., Etc., Joseph E. Karl & Dorothy A. Karl, Plaintiffs-Appellees-Cross v. Outdoor Resorts of Am., Inc., Etc., Defendants-Appellants-Cross Assocs. Capital Corp., Etc., 611 F.2d 105 (5th Cir. 1980). Cases Citing This Book View Copy Cite
47 citation events (3 in the last 25 years) across 17 distinct courts.
Strongest positive: Michael M. Garwood v. American Motorists Insurance Company International Paper Company National Loss Control Service Corporation and A.B. Witte (ca8, 1985-10-10)
Treatment trajectory · 1980 → 2026 · click a year to view as-of
1980 2003 2026
Top citers, strongest first. 12 distinct citers. How cited ↗
discussed Cited as authority (rule) Michael M. Garwood v. American Motorists Insurance Company International Paper Company National Loss Control Service Corporation and A.B. Witte
8th Cir. · 1985 · confidence medium
The district court correctly noted, as to the scienter requirement of element (2), that “Florida law is satisfied by a negligent representation ‘made under circumstances in which the representor ought to have known *** of the falsity thereof.’ ” Id., at 96 (quoting Cameron v. Outdoor Resorts of America, Inc., 611 F.2d 105, 106 (5th Cir.1980)).
discussed Cited "see" Gerald M. Hocking v. Maylee Dubois and Vitousek & Dick Realtors, Inc., a Hawaii Corporation (2×)
9th Cir. · 1988 · signal: see · confidence high
See Cameron v. Outdoor Resorts of America, Inc., 608 F.2d 187, 193 (5th Cir.1979) (investors could refuse to rent out their campsites or could rent them out personally), on reh'g, 611 F.2d 105 (5th Cir.1980); Wooldridge Homes, Inc. v. Bronze Tree, Inc., 558 F.Supp. 1085, 1087 (D.Colo.1983) (defendant's managerial services were optional after initial two-year period). 15 Release 5347 is controlling here, and compels the conclusion that the offer of the condominium with an RPA option constituted the offer of a security.
discussed Cited "see" Nicholson v. Kellin
Fla. Dist. Ct. App. · 1985 · signal: see · confidence high
See Cameron v. Outdoor Resorts of America, Inc., 611 F.2d 105 (5th Cir.1980) (president of corporation which was liable for negligent misrepresentations of its agents could be liable for fraud only on the basis of his actual misrepresentations or his actual participation in his colleagues' misrepresentations).
cited Cited "see" Burgess v. Premier Corp.
9th Cir. · 1984 · signal: see · confidence high
See Cameron v. Outdoor Resorts of America, Inc., 608 F.2d 187, 194-195 (5th Cir.1979), modified, 611 F.2d 105 (5th Cir.1980) (per curiam).
discussed Cited "see" Blue Sky L. Rep. P 71,936, Fed. Sec. L. Rep. P 99,699, 15 Fed. R. Evid. Serv. 241 Ernest M. Burgess, Edward H. Morgan, Clarence C. Pearson, John S. Tytus, and Lucius D. Hill v. Premier Corporation, a Delaware Corporation, William L. Brittain, Robert M. Bohlen, C. Gerald Haarer, and Herman L. Schrock, Louis Rosen and R.A. Lile, Substituted for W.E. Darby, Ernest M. Burgess, Edward H. Morgan, Clarence C. Pearson, John S. Tytus, and Lucius D. Hill v. Premier Corporation, a Delaware Corporation, William L. Brittain, Robert M. Bohlen, C. Gerald Haarer, and Herman L. Schrock, Louis Rosen and R.A. Lile, Substituted for W.E. Darby
9th Cir. · 1984 · signal: see · confidence high
See Cameron v. Outdoor Resorts of America, Inc., 608 F.2d 187, 194-195 (5th Cir.1979), modified, 611 F.2d 105 (5th Cir.1980) (per curiam). 19 Schrock was not a controlling person nor did he possess the requisite scienter.
discussed Cited "see" Paul F. Newton & Co. v. Texas Commerce Bank (2×)
5th Cir. · 1980 · signal: see · confidence high
See Cameron v. Outdoor Resorts of America, Inc., 608 F.2d 187, 194-95 (5th Cir. 1979), modified on rehearing, 611 F.2d 105 (5th Cir. 1980); DelPorte v. Shearson, Hammill & Co., 548 F.2d 1149, 1154 (5th Cir. 1977).
discussed Cited "see" Fed. Sec. L. Rep. P 97,702, 7 Fed. R. Evid. Serv. 1080 Paul F. Newton & Company and Daniel O'connell, Receiver v. Texas Commerce Bank, Pressman, Frohlic & Frost (2×)
5th Cir. · 1980 · signal: see · confidence high
See Cameron v. Outdoor Resorts of America, Inc., 608 F.2d 187, 194-95 (5th Cir. 1979), modified on rehearing, 611 F.2d 105 (5th Cir. 1980); DelPorte v. Shearson, Hammill & Co., 548 F.2d 1149, 1154 (5th Cir. 1977).
cited Cited "see" Fed. Sec. L. Rep. P 97,666 Paul T. Martin and Harold Bridges v. T. v. Tempo, Inc.
5th Cir. · 1980 · signal: accord · confidence high
SEC v. Koscot Interplanetary, Inc., 497 F.2d at 483 ; accord, Cameron v. Outdoor Resorts of America, Inc., 608 F.2d 187, 193 (5th Cir.1979), modified on other grounds, 611 F.2d 105 (5th Cir.1980).
cited Cited "see" Fed. Sec. L. Rep. P 97,567 Edmond G. Pharo v. W. L. Smith
5th Cir. · 1980 · signal: see · confidence high
See Cameron v. Outdoor Resorts of America, Inc., 608 F.2d 187 (5th Cir. 1979) modified on other grounds, 611 F.2d 105 (5th Cir. 1980).
cited Cited "see" Fed. Sec. L. Rep. P 97,210 Nelson C. Cameron, Jr., and Helen S. Cameron, Plaintiffs-Appellees-Cross v. Outdoor Resorts of America, Inc., Etc., Defendants-Appellants-Cross Associates Capital Corp., Etc., Joseph E. Karl and Dorothy A. Karl, Plaintiffs-Appellees-Cross v. Outdoor Resorts of America, Inc., Etc., Defendants-Appellants-Cross Associates Capital Corp., Etc.
5th Cir. · 1980 · signal: see · confidence high
See 611 F.2d 105 .
discussed Cited "see, e.g." Bowling v. Ansted Chrysler-Plymouth-Dodge, Inc.
W. Va. · 1992 · signal: see, e.g. · confidence low
See, e.g., Camron v. Outdoor Resorts of Am., 611 F.2d 105 (5th Cir.1980) (applying Florida law); Crigler v. Salac, 438 So.2d 1375 (Ala.1983); Klockner v. Keser, 29 Colo.App. 476 , 488 P.2d 1135 (1971); Meehan v. Adams Enters., Inc., 211 Kan. 353 , 507 P.2d 849 (1973); McCain Foods, Inc. v. St.
discussed Cited "see, e.g." Jim Long v. Shultz Cattle Company, Incorporated, an Oklahoma Corporation, and William B. Shultz
5th Cir. · 1989 · signal: see also · confidence low
In discussing whether this factor would preclude a finding of reliance on others within the meaning of Howey, we emphasized that even though the efforts of individual investors were relevant to the profitability of their investment, Koscot provided the entire framework within which an individual investor’s efforts would succeed or fail: “Without the scenario created by the Opportunity Meetings and Go-Tours, an investor would invariably be powerless to realize any return on his investment.” Id. at 485 (emphasis added); see also Cameron v. Outdoor Resorts of America, Inc., 608 F.2d 187, 19…
Retrieving the full opinion text from the archive…
Fed. Sec. L. Rep. P 97,271 Nelson C. Cameron, Jr. And Helen S. Cameron, Plaintiffs-Appellees-Cross
v.
Outdoor Resorts of America, Inc., Etc., Defendants-Appellants-Cross Associates Capital Corp., Etc., Joseph E. Karl and Dorothy A. Karl, Plaintiffs-Appellees-Cross v. Outdoor Resorts of America, Inc., Etc., Defendants-Appellants-Cross Associates Capital Corp., Etc.
77-2312.
Court of Appeals for the Fifth Circuit.
Feb 4, 1980.
611 F.2d 105
Cited by 4 opinions  |  Published

611 F.2d 105

Fed. Sec. L. Rep. P 97,271
Nelson C. CAMERON, Jr. and Helen S. Cameron,
Plaintiffs-Appellees-Cross Appellants,
v.
OUTDOOR RESORTS OF AMERICA, INC., etc., et al.,
Defendants-Appellants-Cross Appellees,
Associates Capital Corp., etc., et al., Defendants-Appellees.
Joseph E. KARL and Dorothy A. Karl,
Plaintiffs-Appellees-Cross Appellants,
v.
OUTDOOR RESORTS OF AMERICA, INC., etc., et al.,
Defendants-Appellants-Cross Appellees,
Associates Capital Corp., etc., et al., Defendants-Appellees.

No. 77-2312.

United States Court of Appeals,
Fifth Circuit.

Feb. 4, 1980.

Ted R. Brown, Orlando, Fla., for defendants-appellants-cross appellees.

A. Clifton Black, Trapp & Black Attys., J. Thomas Cardwell, Orlando, Fla., for plaintiffs-appellees-cross appellants.

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Harlan Tuck, Orlando, Fla., for Associates Capital Corp.

2

Appeals from the United States District Court for the Middle District of Florida.

On Petition for Rehearing

3

(Opinion December 13, 1979, 5 Cir., 1979, 608 F.2d 187)

4

Before BROWN, CHARLES CLARK and VANCE, Circuit Judges.

PER CURIAM:

5

We grant the petition for rehearing and, upon consideration of the points raised, we modify our earlier opinion in one respect.

6

We included in the controlling person section of the federal securities law part of our earlier opinion a paragraph discussing the liability of E. Randall Henderson, Jr. The section was unnecessary in the posture of the case at that time. As president of Outdoor Resorts of America, Henderson could, of course, be held liable as a controlling person under Rule 10b-5 only if the corporation were found to act with scienter, and the district court did not make that essential determination. We affirmed the decision of the district court on the basis of common law fraud, so that no remand was required on scienter. Our discussion of Henderson's 10b-5 liability, however, is relevant on remand, for reasons stated below.

7

We adhere to our earlier opinion regarding common law fraud except as to Henderson. The petition for rehearing asserts that a negligence standard is incorrect. We adhere to our earlier opinion that the knowledge element of common law fraud under Florida law is satisfied by a negligent representation " 'made under circumstances in which the representor ought to have known . . . of the falsity thereof.' " Bobby Jones Garden Apartments, Inc. v. Suleski, 391 F.2d 172, 177 (5th Cir. 1968), Quoting Kutner v. Kalish, 173 So.2d 763, 765 (Fla.Dist.Ct.App.1965). Accord, Emerson Electric Co. v. Farmer, 427 F.2d 1082, 1087-88 (5th Cir. 1970); Ostreyko v. B. C. Morton Organization, Inc., 310 So.2d 316, 318 (Fla.Dist.Ct.App.1975). See also Upchurch v. Mizell, 50 Fla. 456, 40 So. 29, 34 (1905). George Gaines, George Blackburn, Bill Kirk, and Earl Carver are liable for common law fraud, therefore, on the basis of their negligent misrepresentations to appellees Karl and Cameron. Outdoor Resorts is liable for those misrepresentations because they were made within the scope of its agents' authority. Wheeler v. Baars, 33 Fla. 696, 15 So. 584, 589 (1894); Donner v. Morse Auto Rentals, Inc., 147 So.2d 577, 579 (Fla.Dist.Ct.App.1962). The judgment in appellees' favor, as it concerns those appellants, is amply supported by the district court's findings and amended conclusions as to common law fraud, which we conclude are not clearly erroneous. Judgment against Henderson, however, cannot stand without further findings.

8

Henderson could only have been found liable for common law fraud on the basis of his actual misrepresentations or his actual participation in his colleagues' misrepresentations, and not as a controlling person. Smyth v. Jane C. Cousins, Inc., 358 So.2d 1158, 1159 (Fla.Dist.Ct.App.1978); Goodman v. Strassburg, 139 So.2d 163, 164 (Fla.Dist.Ct.App.1962). The findings of fact are somewhat indefinite, but the findings and amended conclusions of law of the district court must be construed to hold for Henderson on the common law fraud point. Our affirmance of the district court's judgment against Henderson under the common law fraud count was incorrect. We therefore remand this action to the district court for findings concerning whether Outdoor Resorts made its misrepresentations with scienter that would make Henderson liable as a controlling person under Rule 10b-5.

9

The judgment in appellees' favor and against Gaines, Blackburn, Kirk, Carver, and Outdoor Resorts is affirmed. As to Henderson the judgment is vacated and the case remanded for further findings and proceedings as required by this opinion.

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AFFIRMED IN PART, VACATED AND REMANDED IN PART.