Aron Rosenberg v. Xm Ventures, a Maryland Trust and Motient Corporation, a Delaware Corporation

How courts have described this case

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

• holding that “the legislative history accompanying section 13(d) manifests Congress’ intent that an individual must be a beneficial owner of an issuer’s securities prior to becoming a member of a section 13(d) ‘group.’ ”
• “[W]e have concluded that ... each member of a section 13(d) group must hold beneficial own ership of the equity securities of the issuing entity prior to its entry into such a group.” (emphasis omitted)
• “[W]hen interpreting a statute, courts should endeavor to give meaning to every word which Congress used and therefore should avoid an interpretation which renders an element of the language superfluous.” (citations omitted)
• “[W]hen interpreting a statute, courts should endeavor to give meaning to every word which Congress used and therefore should avoid an interpretation which renders an element of the language superfluous.” 26 (citations omitted)
• “[w]here the statutory language is plain and unambiguous, further inquiry is not required.”
• “[L]iability will attach under Section 16(b) [only] when an individual having beneficial ownership of more than 10 percent of any one class of the issuer’s equity securities both purchases and sells shares of the issuer within six months.”

Source: CourtListener parenthetical corpus (CC0).