green
Positive treatment
Quoted verbatim 1×
7.0 score
“we know of no rule of law ... that a purchaser of stock, who was not an 'insider' and had no fiduciary relation to a prospective seller, had any obligation to reveal circumstances that might raise a seller's demands and thus abort the sale.”
Treatment trajectory · 1969 → 2026 · click a year to view as-of
1969
1997
2026
Top citers, strongest first. 25 distinct citers.
How cited ↗
discussed
Cited "but see"
Alexander Kahan, on Behalf of Himself and All Others Similarly Situated v. Lewis Rosenstiel
(2×)
But cf. General Time Corp. v. Talley Industries, Inc., 403 F.2d 159, 164 (2d Cir. 1968), cert. denied, 393 U.S. 1026 , 89 S.Ct. 631 , 21 L.Ed.2d 570 (1969); Crane Co. v. Westinghouse Air Brake Co., 419 F.2d 787, 796-799 (2d Cir. Dec. 10, 1969).” Butler Aviation International, Inc. v. Comprehensive Designers, Inc., 425 F.2d 842 , 843 n. 1 (2d Cir. Jan. 8, 1970).
discussed
Cited "but see"
Butler Aviation International, Inc. v. Comprehensive Designers, Inc.
But cf. General Time Corp. v. Talley Industries, Inc., 403 F.2d 159, 164 (2 Cir. 1968), cert. denied, 393 U.S. 1026 , 89 S.Ct. 631 , 21 L.Ed.2d 570 (1969); Crane Co. v. Westinghouse Air Brake Co., 419 F.2d 787, 797-798 (2 Cir. Dec. 10, 1969). 2 CDI sought to counter this with a study, prepared after issuance of the Annual Report, showing an improvement in fourth over third quarter income by reallocating among quarters the earnings of Laminated Materials Corporation, which it had acquired on a pooling-of-interest basis, in a manner claimed to reflect the facts more accurately.
discussed
Cited "but see"
Butler Aviation International, Inc. v. Comprehensive Designers, Inc.
But cf. General Time Corp. v. Talley Industries, Inc., 403 F.2d 159, 164 (2 Cir. 1968), cert. denied, 393 U.S. 1026 , 89 S.Ct. 631 , 21 L.Ed.2d 570 (1969); Crane Co. v. Westinghouse Air Brake Co., 419 F.2d 787, 797-798 (2 Cir. Dec. 10, 1969). .
examined
Cited as authority (quoted)
Michael E. Moss v. Morgan Stanley Inc., E. Jacques Courtois, Jr., Adrian Antoniu, and James M. Newman, Morgan Stanley Inc. And James M. Newman
we know of no rule of law ... that a purchaser of stock, who was not an 'insider' and had no fiduciary relation to a prospective seller, had any obligation to reveal circumstances that might raise a seller's demands and thus abort the sale.
cited
Cited "see"
Robert M. Deutschman v. Beneficial Corp., Finn M.W. Caspersen, Andrew C. Halvorsen. (d.c. Civil No. 86- 00595)
See General Time Corp. v. Talley Industries, Inc., 403 F.2d 159, 164 (2d Cir.1968), cert. denied, 393 U.S. 1026 , 89 S.Ct. 631 , 21 L.Ed.2d 570 (1969).
cited
Cited "see"
Polak v. Continental Hosts, Ltd.
See General Time Corp. v. Talley Industries, Inc., 403 F.2d 159, 164 (2d Cir.1968), cert. denied, 393 U.S. 1026 , 89 S.Ct. 631 , 21 L.Ed.2d 570 (1969).
cited
Cited "see"
Pantry Pride, Inc. v. Rooney
See General Time Corp. v. Talley Indus., Inc., 403 F.2d 159 , 162 (2d Cir.1968) (“hurly-burly of election contests”), cert. denied, 393 U.S. 1026 , 89 S.Ct. 631 , 21 L.Ed.2d 570 (1969).
discussed
Cited "see"
Management Assistance Inc. v. Edelman
See General Time Corporation v. Talley Industries, Inc., 403 F.2d 159 , 163 (2d Cir.1968) (SEC’s adjudication of violation of the ICA was not sufficiently material to demand a further submission to stockholders and an adjourn-' ment of the meeting), cert. denied 393 U.S. 1026 , 89 S.Ct. 637 , 21 L.Ed.2d 570 (1969); Avnet, Inc. v. Scope Industries, 499 F.Supp. 1121, 1127-28 (1980) (alleged status as an unregistered investment company in violation of the ICA not likely to be viewed by a reasonable shareholder as having significantly altered the total mix of information), aff’d by summary ord…
discussed
Cited "see"
Fed. Sec. L. Rep. P 98,465 Robert Staffin v. Joel W. Greenberg, Bluebird, Incorporated, Herbert Cook and Northern Foods, Ltd., Donald L. Winderman v. Joel W. Greenberg, Robert Staffin v. Northern Foods, Ltd., Bernard J. Gomberg v. Bluebird, Incorporated, Charles Heit v. Bluebird, Incorporated, Morris and Sally Leonard v. Joel W. Greenberg
See General Time Corp. v. Talley Industries, Inc., 403 F.2d 159, 164 (2d Cir. 1968), cert. denied, 393 U.S. 1026 , 89 S.Ct. 631 , 21 L.Ed.2d 570 (1969). 35 Stated differently, one who purchases stock on the open market who is neither an insider nor a fiduciary, nor a "tippee" of such a person, need not disclose the reasons for his purchase, even if the purchase is based on knowledge of material facts. 6 Thus, insofar as the plaintiffs seek to hold Northern liable for its own conduct in failing to disclose earlier than it did its plans to acquire Bluebird, the claim falls because of the absence…
cited
Cited "see"
Staffin v. Greenberg
See General Time Corp. v. Talley Industries, Inc., 403 F.2d 159, 164 (2d Cir. 1968), cert. denied, 393 U.S. 1026 , 89 S.Ct. 631 , 21 L.Ed.2d 570 (1969).
discussed
Cited "see"
State v. English
Cuneo v. State, 335 So.2d 278 (Fla. 1976); Sweeting v. State, 390 So.2d 773 (Fla. 3d DCA 1980); accord, Stoddard v. State, 388 So.2d 11 (Fla. 2d DCA 1980); see Whitfield v. United States, 401 F.2d 480, 482 (9th Cir. 1968), cert. den., 393 U.S. 1026 , 89 S.Ct. 630 , 21 L.Ed. 570 (1969); Phillips v. United States, 212 F.2d 327 (8th Cir. 1954).
discussed
Cited "see"
Untitled Texas Attorney General Opinion
See Whitfield v. United States, 401 F. 2d 480, 482 (9th CIr. 19681, cert. denied, 393 U.S. 1026 (196! )I ? court of criminal appeak.has stated: [WIhen the trial is before the ‘court, and a motion for probation is filed, the trial judge has absolute and unreviewable discretion either to refuse or to grant probation.
cited
Cited "see"
Opinion No.
See Whitfield v. United States, 401 F.2d 480 , 482 (9th Cir. 1968), cert. denied, 393 U.S. 1026 (1969).
discussed
Cited "see"
American General Insurance v. Equitable General Corp.
See General Time Corp. v. Talley Industries, Inc., 403 F.2d 159, 164 (CA2 1968), cert. denied, 393 U.S. 1026 [, 89 S.Ct. 631 , 21 L.Ed.2d 570 ] (1969). [Liability [for nondisclosures] is premised upon a duty to disclose arising from a relationship of trust and confidence between parties to a transaction.
discussed
Cited "see"
Chiarella v. United States
(2×)
See General Time Corp. v. Talley Industries, Inc., 403 F. 2d 159, 164 (CA2 1968), cert. denied, 393 U. S. 1026 (1969). [11] This Court followed the same approach in Affiliated Ute Citizens v. United States, 406 U. S. 128 (1972).
cited
Cited "see"
Treadway Companies, Inc. v. Care Corp.
See General Time Corp. v. Talley Industries, Inc., 403 F.2d 159 (2d Cir. 1968), cert. denied, 393 U.S. 1026 , 89 S.Ct. 631 , 21 L.Ed.2d 570 (1969).
discussed
Cited "see"
UNITED STATES of America, Appellee, v. Vincent F. CHIARELLA, Defendant-Appellant
(2×)
See General Time Corp. v. Talley Industries, Inc., 403 F.2d 159 (2d Cir. 1968), Cert. denied, 393 U.S. 1026 , 89 S.Ct. 631 , 21 L.Ed.2d 570 (1969) (permitting company to purchase target stock without disclosing plans for merger); SEC v. Great American Industries, Inc., supra, 407 F.2d at 460 4 Because the question is not before us I express no opinion as to whether the SEC has been delegated the power to regulate printers engaged in securities work or whether congressional action is required Either the legislative or the administrative process would make possible the imposition of trading rest…
discussed
Cited "see"
Gustave Gerstle, (Cross-Appellants) v. Gamble-Skogmo, Inc., (Cross-Appellee)
(2×)
See General Time Corp. v. Talley Industries, Inc., 403 F.2d 159, 163 (2 Cir. 1968), cert. denied, 393 U.S. 1026 , 89 S.Ct. 631 , 21 L.Ed.2d 570 (1969).
discussed
Cited "see"
Kohn v. American Metal Climax, Inc.
See, General Time Corp. v. Talley Industries, Inc., 403 F.2d 159, 162 (2d Cir. 1968), cert. denied, 393 U.S. 1026 , 89 S.Ct. 631 , 21 L.Ed.2d 570 (1969), where for purposes of § 14(a) the test formulated for materiality was: “[w]hether, taking a properly realistic view, there is a substantial likelihood that the misstatement or omission may have led .a stockholder to grant a proxy to the solicitor or to withhold one from the other side, whereas in the absence of this he would have taken a contrary course.” See also, Fershtman v. Schectman, 450 F.2d 1357, 1360 (2d Cir. 1971); Review 71 v. …
discussed
Cited "see"
Moyer v. Nelson
See Marcello v. Kennedy, 194 F.Supp. 748, 749 (Three-judge court, D.C.1961) and Krebs v. Ashbrook, 275 F.Supp. 111, 118 (Three-judge court, D.C.1967), aff’d per curiam, 132 U.S.App.D.C. 176 , 407 F.2d 306 (1968), cert. denied, 393 U.S. 1026 , 89 S.Ct. 619 , 21 L.Ed.2d 570 (1969).
discussed
Cited "see"
McConnell v. Lucht
(2×)
See General Times Corp. v. Talley Industries, Inc., 403 F.2d 159, 163 (2d Cir. 1968), cert. denied, 393 U.S. 1026 , 89 S.Ct. 631 , 21 L.Ed.2d 570 (1969) ; Armour & Co. v. General Host Corp., 296 F.Supp. 470 (S.D.N.Y.1969); see also Sherman v. Posner, 266 F.Supp. 871, 874 (S.D.N.Y.1966) ; Kauder v. United Board & Carton Corp., 199 F.Supp. 420, 423-424 (S.D.N.Y.1961) ; Mack v. Mishkin, 172 F.Supp. 885, 888 (S.D.N.Y.1959) ; Dunn v. Decca Records, Inc., 120 F.Supp. 1, 2 (S.D.N.Y.1954). 8 Cf. Kauder v. United Board & Carton Corp., 199 F.Supp. 420, 423 (S.D.N.Y.1961). 9 .
cited
Cited "see"
Renard G. Davis v. Richard H. Ichord, Quentin Young v. Richard H. Ichord
See Krebs v. Ashbrook, 275 F.Supp. 111 (1967), aff’d, 132 U.S.App.D.C. 176 , 407 F.2d 306 (1968), cert. denied, 393 U.S. 1026 , 89 S.Ct. 619 , 21 L.Ed.2d 570 (1969). .
discussed
Cited "see"
Fed. Sec. L. Rep. P 92,532 Crane Company v. Westinghouse Air Brake Company, A. King McCord Edward J. Janley, Edwin Hodge, Jr., Frank L. Magee, John A. Mayer, G. Albert Showmaker, Eric A. Walker, Lawrence E. Walkley, Jay v. Wilcox and Leslie B. Worthington, Crane Company v. American Standard, Inc. And Blyth & Co.
See General Time Corp. v. Talley Industries, Inc., 403 F.2d 159 (2d Cir. 1968), cert. denied 393 U.S. 1026 , 89 S.Ct. 631 , 21 L.Ed.2d 570 (1969); SEC v. General Time Corp., 407 F.2d 65 (2d Cir., 1968), cert. denied 393 U.S. 1026 , 89 S.Ct. 637 , 21 L.Ed.2d 570 (1969).
discussed
Cited "see"
Crane Co. v. Westinghouse Air Brake Co.
See General Time Corp. v. Talley Industries, Inc., 403 F.2d 159 (2d Cir. 1968), cert. denied 393 U.S. 1026 , 89 S.Ct. 631 , 21 L.Ed.2d 570 (1969); SEC v. General Time Corp., 407 F.2d 65 (2d Cir., 1968), cert. denied 393 U.S. 1026 , 89 S.Ct. 637 , 21 L.Ed.2d 570 (1969).
discussed
Cited "see, e.g."
Pabst Brewing Co. v. Jacobs
See also General Tire Corp. v. Talley Industries, Inc., 403 F.2d 159 , 163 (C.A. 2,1968), cert. denied, 393 U.S. 1026 , 89 S.Ct. 631 , 21 L.Ed.2d 570 (1969); Spielman v. General Host Corp., 402 F.Supp. 190, 197 (S.D.N.Y.1975), aff’d, 538 F.2d 39 (C.A. 2, 1976); Abramson v. Nytronecs Inc., 312 F.Supp. 519, 526 (S.D.N.Y.1970); Kauder v. United Board & Carton Corp., 199 F.Supp. 420, 423-24 (S.D.N.Y.1961).
Retrieving the full opinion text from the archive…
General Time Corp.
v.
Securities and Exchange Commission
v.
Securities and Exchange Commission
No. 821.
Supreme Court of the United States.
Jan 13, 1969.
Edward B. Neaher and Paul G. Pen-noyer, Jr., for petitioner., Walter L. Stratton, Breck P. McAllister, and Benjamin Vinar for respondent Talley Industries, Inc., Clendon H. Lee and Stanley L. Sahel for respondents American Investors Fund, Inc., et al.
Cited by 1 opinion | Published
Citer courts: Second Circuit (1)
C. A. 2d Cir. Certio-rari denied.