New York Court of Appeals
The People of the State of New York, Respondent v. First Meridian Planning Corporation, Appellants…
November 2, 199586 N.Y.2d 608
Summary
The Court affirmed the Appellate Division, holding that the first count of the indictment was not facially duplicitous, that the sale of numismatic coin portfolios constituted securities under the Martin Act using the Howey test, and that the statute was not unconstitutionally vague.