Cooperatives, Securities Violations, and Advisor Liabilities: A Case Study

Lucy Ann Wiggins

Journal of Agricultural Cooperation, 1987, vol. 02, 15

Abstract: This article describes facts and actions leading to liability of a cooperative’s attorneys and accountants for securities law violations. The cooperative, through conflicts of interest and failure of those charged with conducting its affairs to meet their responsibilities, purchased a gasohol plant that sent the cooperative into bankruptcy. A “demand note” financing system was conducted in violation of securities laws. Directors, management, and professional advisors were held liable for losses suffered by the cooperative and investors.

Keywords: Agribusiness (search for similar items in EconPapers)
Date: 1987
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Persistent link: https://EconPapers.repec.org/RePEc:ags:joagco:46205

DOI: 10.22004/ag.econ.46205

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