Legal Opinion
Huppe v. WPCS International Inc.
Court of Appeals for the Second Circuit
Decided January 20, 2012No. Docket 08-4463-cvPublishedCited by 21 opinions
1Opinion of the Court
B.D. PARKER, JR., Circuit Judge.
Section 16(b) of the Securities Exchange Act of 1934 imposes strict liability on insiders whose purchases and sales of securities result in “short-swing profits.” See 15 U.S.C. § 78p(b). Insiders include directors, officers, and “beneficial owners” of more than 10% of a company’s registered securities — namely, persons who exercise voting or investment control over, and hold a pecuniary interest in, more than 10% of a company’s registered securities. See id. § 78p(a)(1) and (b); 17 C.F.R. § 240.16a-1(a)(1)-(2); id. § 240.13d-3(a)(1)-(2).
This appeal concerns…
2Cases cited16 opinions
- Chevron U. S. A. Inc. v. Natural Resources Defense Council, Inc.Supreme Court of the United States · 1984
- Kern County Land Co. v. Occidental Petroleum Corp.Supreme Court of the United States · 1973
- Reliance Electric Co. v. Emerson Electric Co.Supreme Court of the United States · 1972
- Fed. Sec. L. Rep. P 90,216 Magma Power Company v. The Dow Chemical CompanyCourt of Appeals for the Second Circuit · 1998
- Miller v. Wolpoff & AbramsonCourt of Appeals for the Second Circuit · 2003
11 more not listed; retrieve them via the Exa API.
3Cited by21 opinions
- Analytical Surveys, Inc. v. Tonga Partners, L.P.Court of Appeals for the Second Circuit · 2012
- Securities & Exchange Commission v. ObusCourt of Appeals for the Second Circuit · 2012
- Donoghue v. Bulldog Investors General PartnershipCourt of Appeals for the Second Circuit · 2012
- Olagues v. Perceptive Advisors LLCCourt of Appeals for the Second Circuit · 2018
- Greenfield v. Cadian Capital Management, LPDistrict Court, S.D. New York · 2016
16 more not listed; retrieve them via the Exa API.