Volk v. J. A. Wigmore Land Co.

How courts have described this case

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

• discussing New York law intended to remedy “the same sort of ‘abuse of a fiduciary relationship’ as is condemned by” § 16(b)
• noting absence of an adequate federal remedy in justifying its embrace of Brophy
• relying on Brophy in holding that there may be an insider trading claim
• a corporate fiduciary entrusted with information may not appropriate that asset for his own use even if he causes no injury to the corporation
• A fiduciary “is not free to exploit that knowledge or information for his own personal benefit.”
• “The primary source of the law [of corporations] ever remains that of the State which created the corporation.”

Source: CourtListener parenthetical corpus (CC0).