Fed. Sec. L. Rep. P 96,082 United States of America v. John A. Mulheren, Jr.

How courts have described this case

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

• expressing misgivings about basing 10b-5 violations purely on whether or not a “transaction is effected for an investment purpose”
• fraudulent intent cannot be inferred from evidence “at least as consistent with innocence as with guilt”
• evidence that investor purchased more shares than necessary to artificially raise price undermined theory of manipulative intent

Source: CourtListener parenthetical corpus (CC0).