Lewelling v. First California Co.

How courts have described this case

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

• scienter is absent whenever the party charged with liability was not aware of a fraudulent scheme
• scienter is absent whenever the party charged with liability was not aware of a fraudulent scheme
• “Rule 10b-5 requires that those in possession of material information which is not generally available to the other party disclose before selling, or refrain from dealing. . . . Complete silence in the face of this duty is actionable.”

Source: CourtListener parenthetical corpus (CC0).