Fed. Sec. L. Rep. P 98,617 Sullivan & Long, Incorporated v. Scattered Corporation

How courts have described this case

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

• discussing the defendants’ short sales as arbitrage that eliminates disparities between price and value
• explaining that the central objective of the federal securities laws is “to prevent practices that impair the function of stock markets in enabling people to buy and sell securities at prices that reflect undistorted (though not necessarily accurate
• explaining that the central objective of the federal securities laws is “to prevent practices that impair the function of stock markets in enabling people to buy and sell securities at prices that reflect undistorted (though not necessarily accurate
• explaining that “there was no deception”
• “market manipulation” refers to “tactics by which traders, like monopolists, create artificially high or low prices, prices that do not reflect the underlying conditions of supply and demand”
• “market manipulation” refers to “tactics by which traders, like monopolists, create artificially high or low prices, prices that do not reflect the underlying conditions of supply and demand”

Source: CourtListener parenthetical corpus (CC0).