Olkey v. Hyperion 1999 Term Trust, Inc.

U.S. Court of Appeals, Second Circuit · Decided 1996-10-15

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PARKER, Circuit Judge: Plaintiffs Marilyn Olkey et al., a group of investors, brought a class action against Hyperion 1999 Term Trust, Inc. et al. seeking damages for fraud in issuing and using prospectuses to market mortgage-backed securities, in violation of Sections 11, 12(2), and 15 of the Securities Act of 1933 (“the 1933 Act”), 15 U.S.C. §§ 77k(a), 771(2), and 77o; and Sections 10(b) and 20(a) of the Se…

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