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· 4/18/1978

Prager Ex Rel. Gable Industries, Inc. v. Sylvestri

Citations

  • 449 F. Supp. 425
  • 1978 U.S. Dist. LEXIS 18319

How courts have described this case

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

  • noting that the proof of the insider’s motive for trading would be “hard to come by”
  • noting that the proof of the insider’s motive for trading would be “hard to come by”
  • where the defendant sold his business to the company in 1972 in consideration for (a) shares of the company on the effective date of the merger plus (b
  • where the defendant sold his business to the company in 1972 in consideration for (a) shares of the company on the effective date of the merger plus (b
  • “the critical moment in the initial ‘purchase’ or ‘sale,’ for the purpose of determining when that transaction occurred within the meaning of § 16(b), is that point at which the investor becomes irrevocably committed to the transaction”

Source: CourtListener parenthetical corpus (CC0).

Judges: Robert L. Carter

Read full opinion on CourtListener

Sourced from CourtListener / Free Law Project (CC0).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.