Kinney v. City of Corona

How courts have described this case

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

• holding with respect to Rule 10b-5, that misappropriation of confidential information with the intent to purchase shares is a fraud \in connection with the purchase or sale of securities\
• “Nothing in ... Newman suggests” that the asserted duty of disclosure between an em ployee and employer “should be stretched to encompass an employee’s ‘duty of disclosure’ to the general public”.
• construing the phrase \in connection with” \flexibly to include deceptive practices ‘touching’ the sale of securities, a relationship which has been described as 'very tenuous indeed' ”
• \the language of Rule 10b-5 ... contains no specific requirement that fraud be perpetrated upon the seller or buyer of securities\
• “the language of Rule 10b-5 ... contains no specific requirement that fraud be perpetrated upon the seller or buyer of securities”
• by stealing information from their employers defendants “defrauded those employers as surely as if they took their money”

Source: CourtListener parenthetical corpus (CC0).