Marcia Freeman v. Arthur J. Decio v. Dale Swikert, Samuel P. Mandell, Ira J. Kaufman, and Skyline Corporation

How courts have described this case

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

• when it is shown that an insider made a sudden sale of his corporation’s stock and that, immediately thereafter, material adverse information about the company’s prospects became public knowledge, an inference arises that the insider was bailing out
• financial projections not material information in insider trading action
• financial projections not material information in insider trading action
• “it is well settled that an insider acquires stock for purposes of 16(b) when he has ‘incurred an irrevocable liability to take and pay for the stock’ and his ‘rights and obligations become fixed.’ Blau v. Ogsbury, 210 F.2d 426, 427 (2d Cir. 1954

Source: CourtListener parenthetical corpus (CC0).