Legal Opinion
Diamond Multimedia Systems, Inc. v. Superior Court
California Supreme Court
Decided January 4, 1999No. S058723PublishedCited by 208 opinions
1Opinion of the Court
Opinion
BAXTER, J.
Corporations Code section 25400, a part of the Corporate Securities Law of 1968 (Corp. Code, § 25000 et seq.),1 provides that it is unlawful in this state to make false statements or engage in specified fraudulent transactions which affect the market for a security when done for the purpose of inducing purchase or sale of the security or raising or depressing the price of the security. In short, it prohibits market manipulation.2 Section 25500 creates a civil remedy for buyers or sellers of stock3 the price of which has been affected by the forms of market manipulation…
2Cases cited37 opinions
- Santa Fe Industries, Inc. v. GreenSupreme Court of the United States · 1977
- Edgar v. Mite Corp.Supreme Court of the United States · 1982
- Equal Employment Opportunity Commission v. Arabian American Oil Co.Supreme Court of the United States · 1991
- Securities & Exchange Commission v. National Securities, Inc.Supreme Court of the United States · 1969
- Healy v. Beer InstituteSupreme Court of the United States · 1989
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3Cited by208 opinions
- Lance Jett v. M. Penner, D. Peterson, and Cheryl K. Pliler, WardenCourt of Appeals for the Ninth Circuit · 2006
- Robinson Helicopter Co., Inc. v. Dana Corp.California Supreme Court · 2004
- Cortez v. Purolator Air Filtration Products Co.California Supreme Court · 2000
- Murphy v. Kenneth Cole Productions, Inc.California Supreme Court · 2007
- Anschutz Corp. v. Merrill Lynch & Co.Court of Appeals for the Second Circuit · 2012
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