Piper Aircraft Corp. v. Davis

How courts have described this case

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

• fraud on the market theory does not apply to OTC stocks
• “While some over-the-counter stocks no doubt trade in a less developed market than some New York Stock Exchange issues, the inquiry in an individual case remains the development of the market for that stock, and not the location where the stock trades.”
• applying factors identical to Cammer

Source: CourtListener parenthetical corpus (CC0).