Legal Opinion
Chiarella v. United States
Supreme Court of the United States
Decided March 18, 1980No. 78-1202PublishedCited by 1,062 opinions
1Opinion of the CourtJustice Powell
The question in this case is whether a person who learns from the confidential documents of one corporation that it is planning an attempt to secure control of a second corporation violates § 10 (b) of the Securities Exchange Act of 1934 if he fails to disclose the impending takeover before trading in the target company’s securities.
I
Petitioner is a printer by trade. In 1975 and 1976, he worked as a “markup man” in the New York composing room of Pandick Press, a financial printer. Among documents that petitioner handled were five announcements of corporate takeover bids. When these documents…
2Cases cited24 opinions
- Grayned v. City of RockfordSupreme Court of the United States · 1972
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Pepper v. LittonSupreme Court of the United States · 1939
- Touche Ross & Co. v. RedingtonSupreme Court of the United States · 1979
- Affiliated Ute Citizens of Utah v. United StatesSupreme Court of the United States · 1972
19 more not listed; retrieve them via the Exa API.
3Cited by1,062 opinions
- In Re Burlington Coat Factory Securities Litigation. P. Gregory Buchanan, Jacob Turner and Ronald AbramoffCourt of Appeals for the Third Circuit · 1997
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
- Central Bank of Denver, N. A. v. First Interstate Bank of Denver, N. A.Supreme Court of the United States · 1994
- Herman & MacLean v. HuddlestonSupreme Court of the United States · 1983
- Stoneridge Investment Partners, LLC v. Scientific-Atlanta, Inc.Supreme Court of the United States · 2008
1,057 more not listed; retrieve them via the Exa API.