Segen Ex Rel. KFx Inc. v. Westcliff Capital Management, LLC

How courts have described this case

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

• rejecting argument that “the ‘actual price’ paid for the derivative security should be used instead of the market price of the underlying common stock” in a matched purchase of common stock with a put option (a derivative, the receipt of which is considered a sale)
• “A put is an option to sell at a certain price within a certain period, and a call is a similar option to buy.” (quoting 2 Louis Loss & Joel Seligman, Securities Regulation 1137 (3d ed. 2003))

Source: CourtListener parenthetical corpus (CC0).