T-Bar Inc. v. Chatterjee

How courts have described this case

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

• holding that a purchaser in a registered public offering was not deemed to have made an irrevocable commitment until the final prospectus has been made available to him and he had a reasonable time after receipt to disaffirm his order
• “For purposes of § 16(b) liability, a purchase only occurs when the purchaser has incurred an irrevocable liability to take and pay for the stock and his rights and obligations have become fixed.” (internal quotation marks omitted)
• “For purposes of § 16(b) liability, a purchase only occurs when the purchaser has incurred an irrevocable liability to take and pay for the stock and his rights and obligations have become fixed.” (internal quotation marks omitted)

Source: CourtListener parenthetical corpus (CC0).