Shiu Ya Luo v. Croyden Apts., 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 the failure to enter into a voluntary securities transaction is neither a purchase nor a sale under the federal securities laws
• holding that only purchasers and sellers of a security have a private right of action under Section 10(b) and Rule 10b-5
• holding that “the plaintiff class for purposes of a private damage action under § 10(b) and Rule 10b-5 [i]s limited to actual purchasers and sellers of securities.”
• holding that individuals who neither purchased nor sold stock lacked standing under the securities laws to claim misleading stock prospectus led them to refrain from purchasing
• holding that Rule 10b-5 plaintiffs must be actual purchasers or sellers of securities
• holding that “the plaintiff class in a Rule 10b-5 action was limited to actual purchasers and sellers”

Source: CourtListener parenthetical corpus (CC0).