Fed. Sec. L. Rep. P 96,189 First Virginia Bankshares v. Alan Benson

How courts have described this case

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

• recognizing that certain statements made will be materially misleading if the defendant has concealed the fact that he has been compensated for promoting securities
• affirming a jury verdict finding defendants liable for “doctoring” records to present “inflate[d] assets and income”
• “In the absence of a confidential relationship, the particular circumstances of the case may give rise to an obligation to communicate the fact in question.”
• “[A] duty to speak the full truth arises when a defendant undertakes to say anything.”
• assumed but not decided that “recklessness” sufficient
• noting recklessness is adequate for scienter

Source: CourtListener parenthetical corpus (CC0).