John F. Pidcock v. Sunnyland America, Inc.

How courts have described this case

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

• “aggressive and enterprising management activities” undertaken after a fraudulent transaction may “break the causal chain between the fraud and the profits” and so limit disgorgement
• because defendants are in a better position to explain how profits came about, they are required to come forward with evidence to show that profit is attributable to causes other than their fraudulent purchase of stock

Source: CourtListener parenthetical corpus (CC0).