Legal Opinion
United States Securities & Exchange Commission v. Pirate Investor LLC
Court of Appeals for the Fourth Circuit
Decided September 15, 2009No. 08-1037PublishedCited by 68 opinions
1Opinion of the Court
OPINION
2Per curiam
Frank Porter Stansberry and Pirate Investor LLC (collectively, “Appellants”) offered and sold an e-mail stock tip. The offer and the tip contained representations that information in both documents was the product of conversations with a senior executive inside the company that was the focus of the tip. After conducting a bench trial, the district court concluded that the representations concerning the source of information in the e-mail stock tip were false, and it determined that Appellants had violated Section 10(b) of the Securities Exchange Act of 1934, 15 U.S.C.A. § 78j(b) (West…
3Cases cited64 opinions
- New York Times Co. v. SullivanSupreme Court of the United States · 1964
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Connecticut National Bank v. GermainSupreme Court of the United States · 1992
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
- Robinson v. Shell Oil Co.Supreme Court of the United States · 1997
59 more not listed; retrieve them via the Exa API.
4Cited by68 opinions
- Romano v. KazacosCourt of Appeals for the Second Circuit · 2010
- United States v. VilarCourt of Appeals for the Second Circuit · 2013
- Phillip J. Singer v. Kenneth RealiCourt of Appeals for the Fourth Circuit · 2018
- Calderon-Serra v. Banco Santander Puerto RicoCourt of Appeals for the First Circuit · 2014
- Securities & Exchange Commission v. Richard L. GobleCourt of Appeals for the Eleventh Circuit · 2012
63 more not listed; retrieve them via the Exa API.