Strom v. United States

How courts have described this case

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

• explaining that “any event that triggers liability under § 16(b) must first be a reportable event under § 16(a)”
• setting forth elements of a § 16(b) claim; concluding that “unvested securities are acquired, and thus ‘purchased’ under § 16(b), when granted”
• “[T]he applicability of § 16(b) often will turn on factual issues not appropriately resolved on a motion to dismiss.”
• “Section 16(b) of the Securities Exchange Act of 1934 . . . is a prophylactic rule prohibiting corporate insiders from profiting on ‘short-swing’ securities trades—specifically, on a purchase and a sale of their company’s securities made within any period of less than six months.”

Source: CourtListener parenthetical corpus (CC0).