Legal Opinion
Fed. Sec. L. Rep. P 95,441 Securities and Exchange Commission v. Geon Industries, Inc., Frank Bloom and Edwards & Hanly
Court of Appeals for the Second Circuit
Decided February 9, 1976No. 27,204 and 206, Dockets 74-2614, 74-2657 and 75-7010PublishedCited by 117 opinions
1Opinion of the Court
FRIENDLY, Circuit Judge:
These appeals from a judgment in an action by the Securities and Exchange Commission (SEC) in the District Court for the Southern District of New York, 381 F.Supp. 1063 (1974), raise some novel questions about liability for “tipping” under Rule 10b-5; about the standard of frankness which a corporate executive is required to observe in answering questions from an exchange on which his company’s stock is listed; and about the responsibility of a brokerage firm to police the activities of a registered representative. All these arise in a context where the sole relief…
2Cases cited19 opinions
- Hecht Co. v. BowlesSupreme Court of the United States · 1944
- The Tj HooperCourt of Appeals for the Second Circuit · 1932
- Gustave Gerstle, (Cross-Appellants) v. Gamble-Skogmo, Inc., (Cross-Appellee)Court of Appeals for the Second Circuit · 1973
- The Johns Hopkins University v. William E. HuttonCourt of Appeals for the Fourth Circuit · 1970
- Fed. Sec. L. Rep. P 94,437 Hetty Fey v. Walston & Co., Inc., and Robert A. SpiraCourt of Appeals for the Seventh Circuit · 1974
14 more not listed; retrieve them via the Exa API.
3Cited by117 opinions
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
- San Leandro Emergency Medical Group Profit Sharing Plan v. Philip Morris Companies, Inc.Court of Appeals for the Second Circuit · 1996
- Rolf v. Blyth, Eastman Dillon & Co.Court of Appeals for the Second Circuit · 1978
- Fed. Sec. L. Rep. P 96,351 Securities and Exchange Commission v. Commonwealth Chemical Securities, Inc.Court of Appeals for the Second Circuit · 1978
- Fed. Sec. L. Rep. P 97,357 Marbury Management, Inc., and Harry Bader, Plaintiffs-Appellants-Appellees v. Alfred Kohn, and Wood, Walker & Co.Court of Appeals for the Second Circuit · 1980
112 more not listed; retrieve them via the Exa API.