Allen v. Robinson

How courts have described this case

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

• noting that a “pump-and-dump stock scheme is a classic violation” of Rules 10b-5(a) and (c)
• finding liability under Section 5 because defendant opened accounts to facilitate scheme and gave specific buying and selling instructions
• granting SEC’s summary judgment motion on scheme liability because SEC presented evidence defendants used public shell corporation; opened brokerage account to facilitate stock manipulation; and directed matching buy and sell order to artificially inflate stock
• finding plaintiffs adequately pled claim for scheme liability based on allegations that defendant “orchestrated the false media campaign,” “arrang[ed] for the posting of a false website” touting company developments, and issued press releases claiming fictitious achievements

Source: CourtListener parenthetical corpus (CC0).