Securities & Exchange Commission v. Kelly

How courts have described this case

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

• declining to find scheme liability where \the alleged round-trip transactions by AOL between 2000 and 2003 are deceptive only because of AOL’s subsequent public misrepresentations\
• \Scheme liability under subsections (a) and (c) of Rule 10b-5 hinges on the performance of an inherently deceptive act that is distinct from an alleged misstatement.\
• “[W]here the primary purpose and effect of a purported scheme is to make a public misrepresentation or omission, courts have routinely rejected the SEC’s attempt to bypass the elements necessary to impose ‘misstatement’ liability under subsection (b
• finding no liability under Rule 10b — 5(a) and (c
• “Courts have not allowed subsections (a) and (c) of Rule 10b-5 to be used as a back door into liability for those who help others make a false statement or omission in violation of subsection (b) of Rule 10b-5.” (internal quotation marks omitted)
• Rule 10b-5(a) and (c) reaches “inherently deceptive” conduct

Source: CourtListener parenthetical corpus (CC0).

Cited by

26 cases in this archive cite this case; the 20 most cited are listed.

• In re Smith Barney Transfer Agent Litigation
  S.D. New York· 2012-08-15· cited 56×
• Menaldi v. Och-Ziff Capital Management Group LLC
  S.D. New York· 2016-02-17· cited 54×
• United States Securities & Exchange Commission v. Wey
  S.D. New York· 2017-03-27· cited 34×
• Securities & Exchange Commission v. China Northeast Petroleum Holdings Ltd.
  S.D. New York· 2014-03-27· cited 29×
• SFF-TIR, LLC v. Stephenson
  N.D. Oklahoma· 2017-04-25· cited 26×
• United States Securities & Exchange Commission v. Stoker
  S.D. New York· 2012-06-06· cited 26×
• Menaldi v. Och-Ziff Capital Management Group LLC
  S.D. New York· 2017-09-29· cited 25×
• Securities & Exchange Commission v. Goldstone
  D. New Mexico· 2013-07-08· cited 24×
• Securities & Exchange Commission v. CKB168 Holdings, Ltd.
  E.D. New York· 2016-09-28· cited 20×
• Securities & Exchange Commission v. Penn
  S.D. New York· 2016-12-21· cited 20×
• In re Eletrobras Securities Litigation
  S.D. New York· 2017-03-27· cited 20×
• Securities and Exchange Commission v. Greene
  District of Columbia· 2012-12-19· cited 18×
• Securities & Exchange Commission v. Constantin
  S.D. New York· 2013-04-02· cited 16×
• Abuhamdan v. Blyth, Inc.
  D. Connecticut· 2014-03-31· cited 15×
• In re Cannavest Corp. Sec. Litig.
  S.D. Illinois· 2018-03-31· cited 15×
• United States Securities & Exchange Commission v. St. Anselm Exploration Co.
  D. Colorado· 2013-03-29· cited 8×
• William L. Thorp Revocable Trust v. Ameritas Investment Corp.
  E.D. North Carolina· 2014-09-30· cited 7×
• Securities & Exchange Commission v. Mapp
  E.D. Texas· 2017-03-02· cited 6×
• Securities & Exchange Commission v. Sullivan
  D. Colorado· 2014-09-19· cited 5×
• United States Securities & Exchange Commission v. Benger
  N.D. Illinois· 2013-03-21· cited 5×

Cites

17 cases in this archive are cited by this case.

• Securities and Exchange Commission v. First Jersey Securities, Inc. And Robert E. Brennan
  First Circuit· 1996-12-10· cited 896×
• Birnbaum v. Newport Steel Corp.
  Second Circuit· 1952-01-10· cited 575×
• Brian Sheppard v. Leon Beerman, as an Individual and in His Official Capacity as Justice of the Supreme Court of the State of New York
  Second Circuit· 1994-03-03· cited 452×
• Brandon Cleveland and Isiah Jackson v. Caplaw Enterprises, Docket No. 05-4643-Cv
  Second Circuit· 2006-05-15· cited 451×
• Lentell v. Merrill Lynch & Co.
  Second Circuit· 2005-01-20· cited 422×
• Janus Capital Group, Inc. v. First Derivative Traders
  Supreme Court· 2011-06-13· cited 389×
• Securities Exchange Commission v. Monarch Funding Corporation, Leo M. Eisenberg, Steven R. Cloyes, and Richard M. Cannistraro, Richard O. Bertoli
  Second Circuit· 1999-09-20· cited 192×
• In Re Parmalat Securities Litigation
  S.D. New York· 2005-07-13· cited 76×
• Securities & Exchange Commission v. KPMG LLP
  S.D. New York· 2006-01-13· cited 54×
• Securities & Exchange Commission v. Global Telecom Services L.L.C.
  D. Connecticut· 2004-07-19· cited 52×
• Securities & Exchange Commission v. Lee
  S.D. New York· 2010-06-18· cited 43×
• Securities & Exchange Commission v. Pimco Advisors Fund Management LLC
  S.D. New York· 2004-10-22· cited 41×
• Securities & Exchange Commission v. Lucent Technologies, Inc.
  D. New Jersey· 2009-04-27· cited 36×
• Karedes v. Ackerley Group, Inc.
  Second Circuit· 2005-09-09· cited 32×
• United States Securities & Exchange Commission v. Power
  S.D. New York· 2007-11-29· cited 30×
• Securities & Exchange Commission v. Kelly
  S.D. New York· 2011-01-07· cited 15×
• Securities and Exchange Commission v. ESPUELAS
  S.D. New York· 2010-03-29· cited 9×

Other cases named Securities & Exchange Commission v. Kelly

2 other CourtListener records share this case name.

• Securities & Exchange Commission v. Kelly
  S.D. New York· 2009-09-30· cited 23×
• Securities & Exchange Commission v. Kelly
  S.D. New York· 2011-01-07· cited 15×