Citadel Holding Corp., a Delaware Corporation v. Alfred Roven American Underwriters, Inc., 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.

• noting that courts are obligated to evaluate a case according to the SEC rules operative at the time of the disputed transactions, as long as those rules were not inconsistent with the dictates of Section 16
• acknowledging, based on Will [v. Mich. Dep’t of State Police, 491 U.S. 58, 70-71 (1989)], that the Supreme Court has expressly declined to extend Monell’s theory of municipal liability under § 1983 to state 27 entities
• acknowledging, based on Will [v. Mich. Dep’t of State Police, 491 U.S. 58, 70-71 (1989)], that the Supreme Court has expressly declined to extend Monell’s theory of municipal liability under § 1983 to state 27 entities
• Section 16(a) “serve[s] to provide a record of acquisitions and dispositions of securities” that will assist in the determination of Section 16(b) liability
• “[Section] 16(b) is a relatively arbitrary, ‘flat rule’ ”

Source: CourtListener parenthetical corpus (CC0).