Quimbee logo
DMCA.com Protection Status
From our private database of 16,400+ case briefs...

Landreth Timber Company v. Landreth

United States Supreme Court
471 U.S. 681 (1985)

Facts

Ivan Landreth (defendant) offered all of the outstanding stock of his lumber company in Washington State up for sale. During the process of selling said stock, a fire severely damaged his sawmill. Landreth informed potential purchasers of the fire and continued with the sale. Landreth then sold all of the stock in the lumber company to Samuel Dennis and his business partner, who then formed Landreth Timber Company (plaintiff). Landreth agreed to remain involved with the business until the sawmill was repaired. When the cost of repairing the sawmill began to exceed the estimates given to Dennis and his business partner prior to purchasing the stock, Landreth Timber brought suit against Landreth for selling a security without registering according to the Securities Act of 1933. The district court ruled in favor of Landreth, stating that the stock was not considered a security in this case. The Ninth Circuit Court of Appeals affirmed. Landreth Timber then petitioned for certiorari to the United States Supreme Court.

Rule of Law

Issue

Holding and Reasoning (Powell, J.)

What to do next…

  1. Unlock this case brief with a free (no-commitment) trial membership of Quimbee.

    You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 97,000 law students since 2011. Some law schools—such as Yale, Vanderbilt, Berkeley, and the University of Illinois—even subscribe directly to Quimbee for all their law students. Read our student testimonials.

  2. Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.

    Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students. Read more about Quimbee.

Here's why 373,000 law students have relied on our case briefs:

  • Written by law professors and practitioners, not other law students. 16,400 briefs, keyed to 223 casebooks. Top-notch customer support.
  • The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
  • Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
  • Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.

Questions & Answers

Have a question about this case?

Sign up for a free 7-day trial and ask it

Sign up for a FREE 7-day trial

Here's why 373,000 law students have relied on our case briefs:

  • Reliable - written by law professors and practitioners not other law students.
  • The right length and amount of information - includes the facts, issue, rule of law, holding and reasoning, and any concurrences and dissents.
  • Access in your class - works on your mobile and tablet.
  • 16,400 briefs - keyed to 223 casebooks.
  • Uniform format for every case brief.
  • Written in plain English - not in legalese and not just repeating the court's language.
  • Massive library of related video lessons - and practice questions.
  • Top-notch customer support.