Cal. Corporations Code § 25504.1

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Any person who materially assists in any violation of Section 25110, 25120, 25130, 25133, or 25401, or a condition of qualification under Chapter 2 (commencing with Section 25110) of Part 2 of this division imposed pursuant to Section 25141, or a condition of qualification under Chapter 3 (commencing with Section 25120) of Part 2 of this division imposed pursuant to Section 25141, or an order suspending trading issued pursuant to Section 25219, with intent to deceive or defraud, is jointly and severally liable with any other person liable under this chapter for such violation.

Notes of Decisions
Cited in 17 cases, 1985–2020 · leading case: American High-Income Trust v. Alliedsignal
American High-Income Trust v. Alliedsignal (2004) nysd · cites it 2× “Although Plaintiffs concede that privity is lacking, they contend that the Director Defendants are liable under California Corporations Code section 25504.”
In Re Heritage Bond Litigation (2003) cacd “tions Code Sections 25401 and 25501, against the Heritage Entities; (5) Control Person Liability Under California Corporations Code Section 25504, against Heritage Principals, Miller & Schroeder Principals, and Talley as to the Official Statements for the Last Eight (8) Heritage…”
Koehler v. Pulvers (1985) casd · cites it 2× “The developer defendants and WIN additionally possessed the requisite scienter such that they are liable for aiding and abetting the § 25110 violation (Cal.Corp. Code § 25504.1). 5 Liability for the qualification violation, however, does not extend to Mr.”
Taylor-Rush v. Multitech Corp. (1990) calctapp “rincipal executive officer or director of a corporation so liable, every person occupying a similar status or performing similar functions, every employee of a person so liable who materially aids in the act or transaction constituting the violation, and every broker-dealer or…”
In Re Rexplore, Inc. Securities Litigation (1988) cand “However, California Corporation Code § 25504.1 provides for the liability of “any person who materially assists in any violation of .”
In Re National Century Financial Enterprises, Inc., Investment Litigation (2007) ohsd “, Cal. Corp. Code § 25504.1 ; Conn. Gen Stat.”
Louisiana Pacific Corp. v. Money Market 1 Institutional Investment Dealer (2012) nysd “See Cal. Corp.Code § 25504.1 (providing for joint and several liability for material assistance predicated upon an underlying violation).”
In Re National Century Financial Enterprises, Inc., Investment Litigation (2010) ohsd “, Cal. Corp.Code § 25504.1 (requiring that the person who materially assists a primary violation act with intent to deceive or defraud); Neb.”
Employers Insurance v. Musick, Peeler, & Garrett (1995) casd “They claim that Fireman’s Fund precludes a subrogee for asserting a claim against the attorneys under Cal.Corp.Code section 25504.1. The court rejects this argument.”
Schaffer Family Investors, LLC v. Sonnier (2015) cacd “' Cal. Corp. Code § 25504.1 . • ' To face liability under § 25504.”
Yeager v. Cendant Corp. (1999) njd “In Count Fourteen, plaintiffs originally plead violations of Cal. Corp.Code § 25504.1 as well as § 25504.”
Wells Fargo Capital Finance, LLC v. Noble (In re R.E. Loans LLC) (2014) txnb “” Cal. Corp. Code § 25504.1 . Section 25501 of the California Corporations Code provides the damages available to a plaintiff who purchased securities — but no longer holds those securities — from a seller who violated § 25401: Damages recoverable under this section by a…”
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