Arnold Pross v. Curtis Katz, Roxann Management, Corp., and Jadam Equities, Ltd.

How courts have described this case

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

• “Making a specific promise to perform a particular act in the future while secretly intending not to perform may violate Section 10(b) . . . if the promise is part of the consideration for a sale of securities.”
• misrepresentation that defendants would supply plaintiff with goods in the future was an “important inducement in persuading” plaintiff to sell his stock
• “Fiduciary duties are based on no- tions of contract, but they are judicial creations rather than the product of private bargaining.”

Source: CourtListener parenthetical corpus (CC0).