Wade v. Lutcher & Moore Cypress Lumber Co.

How courts have described this case

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

• Directors' active participation in the issuance and sale of new shares to perpetuate the board in control resulted in liability under rule 10b-5
• Directors’ active participation in the issuance and sale of new shares to perpetuate the board in control resulted in liability under rule 10b-5
• Corporation allegedly defrauded into issuing securities to its President through the failure or refusal of some of its directors fully to disclose to the remaining directors material facts concerning the transactions or the financial condition of the company
• Corporation allegedly defrauded into issuing securities to its President through the failure or refusal of some of its directors fully to disclose to the remaining directors material facts concerning the transactions or the financial condition of the company
• corporation’s issuance of shares of stock qualifies it as seller

Source: CourtListener parenthetical corpus (CC0).