Fed. Sec. L. Rep. P 94,758 George T. Hupp v. Laurence Gray, an Individual, and A. G. Becker and Company, a Corporation

How courts have described this case

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

• drastic drop in stock price provided sufficient notice of possibility of fraud to start statute running
• “the fact which would have put a reasonable person on notice of the possibility of fraud 16 ... was not concealed”
• the statute is not tolled while the plaintiff leisurely discovers the full details of the scheme
• “fact which would have put a reasonable person on notice” was not concealed
• dramatic fall in market price from $47 per share to $17.50 per share, rather than the $75 predicted to the purchaser, sufficient to put wholly unsophisticated investor on notice that “something was amiss”
• fiduciary relationship, standing alone, not sufficient to invoke doctrine of fraudulent concealment

Source: CourtListener parenthetical corpus (CC0).