United States Fidelity & Guaranty Co. v. Wilcox

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 intrastate use of a telephone to violate federal securities laws satisfies the interstate- commerce element of the Securities Exchange Act of 1934
• holding laches not applicable in action at law tried to a jury
• observing that generally “all the defendants may be held jointly liable in tort, while only those who have benefited are liable, and then only to the extent thereof, in an action for unjust enrichment”
• defendants cannot avoid disgorgement for increase. in value due to efforts as directors and officers whose responsibilities included building up the business of the company
• violation of Rule 10b-5 renders contract void as a matter of law
• “[A] principal is liable for the deceit of his agent committed in the very business he was appointed to carry out. This is true even though the latter’s specific conduct was carried on without knowledge of the principal.”

Source: CourtListener parenthetical corpus (CC0).