A recent ruling by Judge Maxine M. Chesney illustrates privity importance when bringing suit under California Corporate Securities Law. Baltequera Inc. v. Bell-Carter Foods, LLC. Case was brought by three plaintiffs - Baltequera, Dcoop and Olives Way.
In 2011, I posed the following question: Is Privity Required Or Not Required Under Section 25500? Section 25500 of the California Corporations Code provides the remedy for violations.
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