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Supreme Court· 12/9/1940

Deckert v. Independence Shares Corp.

Citations

  • 311 U.S. 282
  • 61 S. Ct. 229
  • 85 L. Ed. 189
  • 1940 U.S. LEXIS 1099

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 Securities Act “authorizes purchasers to maintain a suit in equity to rescind a fraudulent sale and secure restitution of the consideration paid”
  • holding that a federal court had jurisdiction over a claim in a securities fraud action seeking relief from a non-party who held funds sought by the plaintiffs
  • holding that district court had equit'able authority to issue preliminary injunction over a defendant’s assets in lawsuit where claim was equitable
  • holding that preliminary injunction was warranted where “the bill state[d] a cause [of action] for equitable relief ”
  • extending appellate jurisdiction to an order denying motions to dismiss when appeal of a preliminary injunction ruling was properly before the court
  • authorizing an injunction freezing assets to aid in granting the ultimate equitable relief of rescission

Source: CourtListener parenthetical corpus (CC0).

Judges: Murphy, Douglas

Read full opinion on CourtListener

Cited by

373 cases in this archive cite this case; the 20 most cited are listed.

Cites

23 cases in this archive are cited by this case; the 20 most cited are listed.

Other cases named Deckert v. Independence Shares Corp.

1 other CourtListener record shares this case name.

Sourced from CourtListener / Free Law Project (CC0).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.