Legal Opinion
Friese v. Superior Court
California Court of Appeal
Decided December 2, 2005No. D046348PublishedCited by 8 opinions
1Opinion of the Court
Opinion
BENKE, Acting P. J.
Corporations Code 1 sections 25402 and 25502.5 are part of the Corporate Securities Law of 1968. (§ 25000 et seq.) In general, section 25402 prohibits so-called insider trading by the issuer of securities or by any person who is an officer, director or controlling person of an issuer. Until 1988 only purchasers or sellers of stock who could show that they had been harmed by virtue of insider trading had a right of action against violators of section 25402. In 1988 the Legislature added section 25502.5, which allows the issuer or anyone acting in the name of the…
2Cases cited6 opinions
- Diamond Multimedia Systems, Inc. v. Superior CourtCalifornia Supreme Court · 1999
- In Re Sagent Technology, Inc., Derivative Litig.District Court, N.D. California · 2003
- State Farm Mutual Automobile Insurance v. Superior CourtCalifornia Court of Appeal · 2003
- Western Air Lines, Inc. v. SobieskiCalifornia Court of Appeal · 1961
- Williams v. GaylordSupreme Court of the United States · 1902
1 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- In Re Verisign, Inc., Derivative LitigationDistrict Court, N.D. California · 2007
- Vaughn v. LJ International, Inc.California Court of Appeal · 2009
- In re Wells Fargo & Co. S'holder Derivative Litig.District Court, N.D. California · 2017
- Northstar Financial Advisors, Inc. v. Schwab InvestmentsDistrict Court, N.D. California · 2009
- Colaco v. Cavotec SA, California Court of Appeal, 5th District2018
3 more not listed; retrieve them via the Exa API.