Securities Investor Protection Corp. v. Stratton Oakmont, Inc. (In Re Stratton Oakmont, Inc.)

How courts have described this case

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

• determining that trustee's proposed relief for customer victims of unauthorized trading was insufficient
• “Because of [SIPA’s] statutory requirements, any demand by the Claimants for ‘damages’ for conversion based on state law damage theories must be rejected. Many cases have held SIPA permits only the satisfaction of net equities and not the payment of damages.”

Source: CourtListener parenthetical corpus (CC0).