Fed. Sec. L. Rep. P 94,494 Securities and Exchange Commission v. Harris A. Shapiro, Norman Berman

How courts have described this case

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

• “To require disgorgement only of 26 actual profits in cases where the price of the stock subsequently fell would create a heads-I-win, tails-you-lose opportunity for the violator: he could keep subsequent profits but not suffer 27 subsequent losses.”

Source: CourtListener parenthetical corpus (CC0).