Securities and Exchange Commission v. Victor Posner and Steven N. Posner, and Drexel Burnham Lambert, Inc.

How courts have described this case

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

• holding that once the “equity jurisdiction of the district court has been properly invoked by a showing of a securities law violation,” the court has “broad discretion” to fashion an appropriate remedy
• affirming this Court's ruling in Drexel and holding that \the evidence was more than sufficient to support the district court's finding that ... Posner[] violated the securities laws.\
• upholding injunction barring defendants from serving as officers or directors of any public company as “within the court’s well- established equitable power” based on district court’s findings
• affirming this Court’s ruling in Drexel and holding that “the evidence was more than sufficient to support the district court’s finding that ... Posner[ ] violated the securities laws.”
• affirming officer and director bar where the defendants had committed securities law violations with a high degree of scienter and their past securities law violations and lack of assurances against future violations demonstrated that such violations were likely to continue
• where defendants violated securities laws with “high degree of scienter” and failed to assure court that future violations were not likely to recur, injunction was warranted

Source: CourtListener parenthetical corpus (CC0).