Krogman v. Sterritt

How courts have described this case

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

• concluding that “the presumption of market efficiency, which would support an application of the fraud on the market theory, does not apply [to the OTC stock at issue]”
• holding that “mere presence of market makers does not indicate market effieiency”
• noting that the \number of market makers\ factor has in practice proven an unreliable measure of market efficiency unless tied to trade volume and price
• noting that the “number of market makers” factor has in practice proven an unreliable measure of market efficiency unless tied to trade volume and price
• holding that “mere presence of market makers does not indicate market efficiency”
• finding that a low float, i.e., a small percentage of shares held by the public in contrast to the percentage held by insiders, weighs against a finding of market efficiency

Source: CourtListener parenthetical corpus (CC0).

Cited by

38 cases in this archive cite this case; the 20 most cited are listed.

• Universities Superannuation Scheme Ltd. v. Petróleo Brasileiro S.A. Petrobras
  Second Circuit· 2017-07-07· cited 217×
• Frances Unger, William Patterson, Lead Gordon Ellis, Lead v. Amedisys Inc.
  Fifth Circuit· 2005-02-17· cited 201×
• Waggoner v. Barclays PLC
  Second Circuit· 2017-11-06· cited 102×
• In Re DVI, Inc. Securities Litigation
  Third Circuit· 2011-03-29· cited 86×
• Cheney v. CyberGuard Corp.
  S.D. Florida· 2003-03-07· cited 58×
• In re Initial Public Offering Securities Litigation
  S.D. New York· 2004-10-13· cited 58×
• In Re Enron Corp. Securities
  S.D. Texas· 2006-06-05· cited 55×
• Bell v. Ascendant Solutions, Inc.
  Fifth Circuit· 2005-08-23· cited 41×
• Carpenters Pension Trust Fund v. Barclays PLC
  S.D. New York· 2015-08-20· cited 41×
• McIntire v. China MediaExpress Holdings, Inc.
  S.D. New York· 2014-08-15· cited 35×
• Lehocky v. Tidel Technologies, Inc.
  S.D. Texas· 2004-03-30· cited 34×
• In Re Initial Public Offering Securities Litigation
  S.D. New York· 2008-03-26· cited 26×
• In re DVI Inc. Securities Litigation
  E.D. Pennsylvania· 2008-04-29· cited 26×
• In re Countrywide Financial Corp. Securities Litigation
  C.D. California· 2009-12-09· cited 25×
• In re Winstar Communications Securities Litigation
  S.D. New York· 2013-04-17· cited 18×
• City of Cape Coral Mun. Firefighters' Ret. Plan v. Emergent Biosolutions, Inc.
  D. Maryland· 2018-06-08· cited 17×
• Strougo v. Barclays PLC
  S.D. New York· 2016-02-02· cited 17×
• In re Initial Public Offering Securities Litigation
  S.D. New York· 2009-06-10· cited 16×
• In re Federal Home Loan Mortgage Corp. (Freddie Mac) Securities Litigation
  S.D. New York· 2012-03-27· cited 15×
• In re Barrick Gold Securities Litigation
  S.D. New York· 2016-03-23· cited 13×

Cites

36 cases in this archive are cited by this case; the 20 most cited are listed.

• General Telephone Co. of Southwest v. Falcon
  Supreme Court· 1982-06-14· cited 4,068×
• Coopers & Lybrand v. Livesay
  Supreme Court· 1978-06-21· cited 3,269×
• Basic Inc. v. Levinson
  Supreme Court· 1988-03-07· cited 3,007×
• Affiliated Ute Citizens of Utah v. United States
  Supreme Court· 1972-06-12· cited 1,751×
• Herman & MacLean v. Huddleston
  Supreme Court· 1983-01-24· cited 1,450×
• Gulf Oil Co. v. Bernard
  Supreme Court· 1981-06-01· cited 973×
• Dianne Castano v. The American Tobacco Company
  Fifth Circuit· 1996-05-23· cited 871×
• Mercantile Nat. Bank at Dallas v. Langdeau
  Supreme Court· 1963-01-21· cited 409×
• Huddleston v. Herman & MacLean
  Fifth Circuit· 1981-03-09· cited 367×
• Fed. Sec. L. Rep. P 98,265 Fred Zeidman and Steven Youngelson v. J. Ray McDermott & Co., Inc.
  Fifth Circuit· 1981-07-27· cited 327×
• Wanda Jenkins v. Raymark Industries, Inc.
  Fifth Circuit· 1986-03-03· cited 312×
• Mary Jane Forbush v. J.C. Penney Company, Inc., Pension Plan
  Fifth Circuit· 1993-06-25· cited 215×
• Cammer v. Bloom
  D. New Jersey· 1989-04-19· cited 199×
• Abell v. Potomac Insurance Company
  Fifth Circuit· 1988-12-14· cited 176×
• Binder v. Gillespie
  Ninth Circuit· 1999-07-26· cited 146×
• Applewhite v. Reichhold Chemicals, Inc.
  Fifth Circuit· 1995-10-31· cited 106×
• Adrian Freeman v. Laventhol & Horwath
  Sixth Circuit· 1990-09-17· cited 97×
• Vitiello v. Cicconi
  D. New Jersey· 1984-09-20· cited 94×
• In Re 2TheMart. Com, Inc. Securities Litigation
  C.D. California· 2000-07-17· cited 93×
• Zlotnick, Albert M., Individually and on Behalf of All Others Similarly Situated v. Tie Communications & L.W. Kifer
  Third Circuit· 1988-01-14· cited 82×