Patricia B. Taylor v. First Union Corporation of South Carolina, Formerly Southern Bancorporation, Inc. First Union Corporation

How courts have described this case

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

• holding that deception that is only\tangentially and inci- dentally\ related to the sale of a security does not satisfy the in con- nection with requirement
• finding that defendants had no duty to disclose merger negotiations where the plaintiff “failed to identify any statement made misleading by the defendants’ nondisclosure of their merger discussions”
• noting that a duty to disclose arises “when silence would make other statements misleading or false”
• reversing a jury verdict imposing liability for failure to disclose under Rule 10b-5 where representatives had met to discuss the possibility of the two banking corporations merging and had reached an agreement in principle to merge when interstate banking became legal
• \Rule 10b-5 imposes ... a duty to disclose only when silence would make other statements misleading or false.\
• “Rule 10b-5 imposes such a duty to disclose only when silence would make other statements misleading or false”

Source: CourtListener parenthetical corpus (CC0).