Legal Opinion
UNITED STATES of America, Appellee, v. Vincent F. CHIARELLA, Defendant-Appellant
Court of Appeals for the Second Circuit
Decided November 29, 1978No. 137, Docket 78-1201PublishedCited by 60 opinions
1Opinion of the Court
IRVING R. KAUFMAN, Chief Judge:
The draftsmen of our nation’s securities laws, rejecting the philosophy of caveat emptor, created a system providing equal access to the information necessary for reasoned and intelligent investment decisions. It is apodictic that betting on a “sure thing” is anathema to the ideal of “fair and honest markets” established as the foundation of this statutory edifice.1 The present case requires us to apply these principles in the context of a criminal prosecution for trading on advance knowledge of stock market events. Vincent Chiarella used confidential…
2Cases cited36 opinions
- United States v. NixonSupreme Court of the United States · 1974
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Affiliated Ute Citizens of Utah v. United StatesSupreme Court of the United States · 1972
- United States v. United States Gypsum Co.Supreme Court of the United States · 1978
- Santa Fe Industries, Inc. v. GreenSupreme Court of the United States · 1977
31 more not listed; retrieve them via the Exa API.
3Cited by60 opinions
- Chiarella v. United StatesSupreme Court of the United States · 1980
- Michael E. Moss v. Morgan Stanley Inc., E. Jacques Courtois, Jr., Adrian Antoniu, and James M. Newman, Morgan Stanley Inc. And James M. NewmanCourt of Appeals for the Second Circuit · 1983
- Dirks v. Securities & Exchange CommissionSupreme Court of the United States · 1983
- United States v. Alan Scop, Raphael Bloom, Herbert Stone and Jack RingerCourt of Appeals for the Second Circuit · 1988
- United States v. Robert ChestmanCourt of Appeals for the Second Circuit · 1991
55 more not listed; retrieve them via the Exa API.