Legal Opinion
SECURITIES AND EXCHANGE COMMISSION, Appellant, v. Alexander KASSER Et Al.
Court of Appeals for the Third Circuit
Decided January 14, 1977No. 76-1332PublishedCited by 42 opinions
1Opinion of the Court
OPINION OF THE COURT
ADAMS, Circuit Judge.
The central issue in this case is whether the Securities and Exchange Commission (SEC) may invoke the jurisdiction of the federal courts over defendants who have allegedly engaged in fraudulent conduct within the United States, when the sole victim is a foreign corporation and when the purported fraud had little, if any, impact within this country.
I
For the purpose of this appeal, the allegations of the amended complaint are deemed to be true and will serve as the factual matrix with which to resolve the jurisdictional issues raised here. 1 Inasmuch as…
2Cases cited12 opinions
- Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
- Securities & Exchange Commission v. Capital Gains Research Bureau, Inc.Supreme Court of the United States · 1963
- Leasco Data Processing Equipment Corp. v. MaxwellCourt of Appeals for the Second Circuit · 1972
- Schoenbaum v. FirstbrookCourt of Appeals for the Second Circuit · 1968
- Frank Sabolsky v. Michael Budzanoski Appeal of Louis A. AntalCourt of Appeals for the Third Circuit · 1972
7 more not listed; retrieve them via the Exa API.
3Cited by42 opinions
- Morrison v. National Australia Bank Ltd.Supreme Court of the United States · 2010
- Iit, An International Investment Trust v. Bernard CornfeldCourt of Appeals for the Second Circuit · 1980
- IIT v. CornfeldCourt of Appeals for the Second Circuit · 1980
- Mannington Mills, Inc. v. Congoleum CorporationCourt of Appeals for the Third Circuit · 1979
- Kauthar SDN BHD v. SternbergCourt of Appeals for the Seventh Circuit · 1998
37 more not listed; retrieve them via the Exa API.