Legal Opinion
Fed. Sec. L. Rep. P 96,186 Securities and Exchange Commission v. Bausch & Lomb Incorporated and Daniel G. Schuman
Court of Appeals for the Second Circuit
Decided September 30, 1977No. 11, Docket 76-6189PublishedCited by 104 opinions
1Opinion of the Court
IRVING R. KAUFMAN, Chief Judge:
Many a corporate executive, conscious of the antifraud provisions of the Securities Acts, may analogize an encounter with a financial analyst to a fencing match conducted on a tightrope; he is compelled to parry often incisive questioning while teetering on the fine line between data properly conveyed and material inside information that may not be revealed without simultaneously disclosing it to the public. Exhorted by the Securities and Exchange Commission and the various stock exchanges 1 to divulge tidbits of nonpublic, “non-material” information, which may…
2Cases cited10 opinions
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- United States v. W. T. Grant Co.Supreme Court of the United States · 1953
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
- Securities and Exchange Commission v. Manor Nursing Centers, Inc.Court of Appeals for the Second Circuit · 1972
- Chris-Craft Industries, Inc. v. Piper Aircraft Corp.Court of Appeals for the Second Circuit · 1973
5 more not listed; retrieve them via the Exa API.
3Cited by104 opinions
- United States v. Paul A. BilzerianCourt of Appeals for the Second Circuit · 1991
- Fed. Sec. L. Rep. P 98,005 State Teachers Retirement Board v. Fluor Corporation and Manufacturers Hanover Trust Company, DefendantsCourt of Appeals for the Second Circuit · 1981
- Securities & Exchange Commission v. LawbaughDistrict Court, D. Maryland · 2005
- Fed. Sec. L. Rep. P 97,588 Securities and Exchange Commission v. Stephen MurphyCourt of Appeals for the Ninth Circuit · 1980
- Securities and Exchange Commission v. First City Financial Corporation, Ltd.Court of Appeals for the First Circuit · 1989
99 more not listed; retrieve them via the Exa API.