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Sixth Circuit· 9/17/1990

Adrian Freeman v. Laventhol & Horwath

Citations

  • 915 F.2d 193
  • 1990 U.S. App. LEXIS 16359
  • 1990 WL 131681

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

  • stating that “[a]n efficient market is one which rapidly reflects new information in price”
  • stating that “[t]he fraud on the market theory rests on the assumption that the price of an actively traded security in an open, well-developed, and efficient market reflects all the available information about the value of a company”
  • describing the fifth Cammer factor as “a history of immediate movement of the stock price caused by unexpected corporate events or financial releases”
  • identifying five factors useful in determining whether a security was traded in an open and efficient market
  • noting plaintiff must allege and prove trade in stock between time misrepresentations were made and time truth was revealed to invoke fraud on market presumption of reliance
  • noting plaintiff must allege and prove trade in stock between time misrepresentations were made and time truth was revealed to invoke fraud on market presumption of reliance

Source: CourtListener parenthetical corpus (CC0).

Judges: Milburn, Guy, Timbers

Read full opinion on CourtListener

Cited by

76 cases in this archive cite this case; the 20 most cited are listed.

Cites

28 cases in this archive are cited by this case; the 20 most cited are listed.

Sourced from CourtListener / Free Law Project (CC0).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.