Legal Opinion
Virginia Bankshares, Inc. v. Sandberg
Supreme Court of the United States
Decided June 27, 1991No. 89-1448PublishedCited by 577 opinions
1Opinion of the CourtJustice Souter
Section 14(a) of the Securities Exchange Act of 1934, 48 Stat. 895, 15 U. S. C. § 78n(a), authorizes the Securities and Exchange Commission (SEC) to adopt rules for the solicitation of proxies, and prohibits their violation.1 In J. I. Case Co. v. Borak, 377 U. S. 426 (1964), we first recognized an *1087implied private right of action for the breach of § 14(a) as implemented by SEC Rule 14a-9, which prohibits the solicitation of proxies by means of materially false or misleading statements.2
The questions before us are whether a statement couched in conclusory or qualitative terms purporting to…
2Cases cited24 opinions
- Bivens v. Six Unknown Named Agents of Federal Bureau of NarcoticsSupreme Court of the United States · 1971
- City of St. Louis v. PraprotnikSupreme Court of the United States · 1988
- Cort v. AshSupreme Court of the United States · 1975
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
- Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
19 more not listed; retrieve them via the Exa API.
3Cited by577 opinions
- In Re Burlington Coat Factory Securities Litigation. P. Gregory Buchanan, Jacob Turner and Ronald AbramoffCourt of Appeals for the Third Circuit · 1997
- Alexander v. SandovalSupreme Court of the United States · 2001
- Charles Kowal v. MCI Communications CorporationCourt of Appeals for the D.C. Circuit · 1994
- Central Bank of Denver, N. A. v. First Interstate Bank of Denver, N. A.Supreme Court of the United States · 1994
- Gebser v. Lago Vista Independent School DistrictSupreme Court of the United States · 1998
572 more not listed; retrieve them via the Exa API.