Arkwright Corp. v. United States

How courts have described this case

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

• exchange of shares pursuant to a merger may not constitute a purchase under section 16(b)
• officers who lack “the slightest connection” with events in question or ability to meaningfully participate should not be considered officers for liability purposes
• employee who was only a \titular\ corporate officer and lacked the actual responsibilities of such an officer could not be held liable for cor- porate acts

Source: CourtListener parenthetical corpus (CC0).