Wettaw v. Retail Hardware Mutual Fire Insurance

How courts have described this case

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

• holding that \[where corporation] had paid regular quarterly dividends... the dividend was not part of a scheme of short-swing speculation\
• noting statutory policy of \preventing the unfair use of inside information by corporate insiders\
• requiring disgorgement \without further inquiry\ if there is \at least the possibility of abuse\
• “Congress explicitly made irrelevant the intent of any insider who engages in a short-term transaction.”
• “It might be said that Congress decided in order to throw out the bathwater that the baby had to go too.”
• “[E]conomic equivalence has no relevance in a situation where the convertible security did not trade at a price at least equivalent to the aggregate price of the securities into which it was convertible.”

Source: CourtListener parenthetical corpus (CC0).