New York Court of Appeals Roundup: Martin Act 'Offering or Sale' of Securities Broadly Construed
In their monthly column in the New York Law Journal, Roy Reardon and Mary Elizabeth McGarry discuss how broadly the Martin Act phrase "offering or sale" of securities should be interpreted, when the state may avoid liability for negligence under the doctrine of sovereign immunity, and whether the agency defense to a charge of selling narcotics applies to the charge of facilitating the sale of narcotics.