Legal Opinion

Fmc Corporation v. Ivan F. Boesky

Court of Appeals for the Seventh Circuit

Decided July 21, 1988No. 87-1678PublishedCited by 61 opinions

1Opinion of the Court

BAUER, Chief Judge.

On November 14, 1986, Ivan F. Boesky passed quickly from fame to infamy. That afternoon, after the markets closed, federal officials announced that the Securities and Exchange Commission (“SEC”) had *982charged Boesky with violating the securities laws by trading in the stock of at least seven corporations with the benefit of material nonpublic information. The officials also announced that Boesky had entered into a responsive “Consent and Undertakings,” in which he agreed to abide by the terms of a permanent injunction, plead guilty to one criminal count, and pay a $50 million…

2Cases cited18 opinions

  1. Warth v. SeldinSupreme Court of the United States · 1975
  2. City of Los Angeles v. LyonsSupreme Court of the United States · 1983
  3. Allen v. WrightSupreme Court of the United States · 1984
  4. Valley Forge Christian College v. Americans United for Separation of Church and State, Inc.Supreme Court of the United States · 1982
  5. O'Shea v. LittletonSupreme Court of the United States · 1974

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3Cited by61 opinions

  1. Leonard Cottrell v. Alcon LaboratoriesCourt of Appeals for the Third Circuit · 2017
  2. Carol Wilding v. DNC Services CorporationCourt of Appeals for the Eleventh Circuit · 2019
  3. Cantrell v. City of Long BeachCourt of Appeals for the Ninth Circuit · 2001
  4. Cantrell v. City Of Long BeachCourt of Appeals for the Ninth Circuit · 2001
  5. Fund Liquidation Holdings LLC v. Bank of America Corp.Court of Appeals for the Second Circuit · 2021

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