Fed. Sec. L. Rep. P 91,576 Securities and Exchange Commission v. James H. Randolph, Jr., and Charles Blackard
Court of Appeals for the Ninth Circuit
1Opinion of the Court
J. BLAINE ANDERSON, Circuit Judge:
The Securities and Exchange Commission brought an action against James H. Randolph and Charles Blackard alleging violations of § 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78j(b), and Rule 10b-5, 17 C.F.R. 240.10b-5, for illegal insider trading. Simultaneous with the filing of the complaint, the parties filed a proposed consent decree. The district court, 564 F.Supp. 137, rejected the proposed decree and dismissed the action. We reverse.
I. BACKGROUND
On October 5, 1981, a merger between Santa Fe International Corporation (Santa Fe) and Kuwait…
2Cases cited16 opinions
- Carson v. American Brands, Inc.Supreme Court of the United States · 1981
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- United States v. NaftalinSupreme Court of the United States · 1979
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