Legal Opinion
Securities & Exchange Commission v. Cavanagh
Court of Appeals for the Second Circuit
Decided April 10, 2006No. Docket Nos. 04-5402-CV(L), 04-5422-CV(CON), 04-5708-CV(CON), 04-6363-CV(CON)PublishedCited by 6 opinions
1Opinion of the Court
JOSÉ A. CABRANES, Circuit Judge.
These consolidated cases1 concern a “pump-and-dump” securities fraud scheme whereby certain defendants artificially inflated a company’s stock price, sold high, and left investors holding nearly worthless shares when the price plummeted to a realistic value. Other defendants allegedly benefited unjustly from the opportunity to buy shares at nominal prices and then to sell at inflated prices. The Securities and Exchange Commission (“SEC”) instituted this enforcement action, alleging that defendants had violated federal securities laws by failing to register…
2Cases cited22 opinions
- Chevron U. S. A. Inc. v. Natural Resources Defense Council, Inc.Supreme Court of the United States · 1984
- Mertens v. Hewitt AssociatesSupreme Court of the United States · 1993
- Grupo Mexicano De Desarrollo, S. A. v. Alliance Bond Fund, Inc.Supreme Court of the United States · 1999
- Securities & Exchange Commission v. Ralston Purina Co.Supreme Court of the United States · 1953
- Fed. Sec. L. Rep. P 97,588 Securities and Exchange Commission v. Stephen MurphyCourt of Appeals for the Ninth Circuit · 1980
17 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- Securities and Exchange Commission v. CavanaghCourt of Appeals for the Second Circuit · 2006
- Carlisle v. Jefferson CountyDistrict Court, N.D. New York · 2022
- Cianfano v. Village of TuckahoeDistrict Court, S.D. New York · 2019
- Deja Bost v. Csco Henson, et al.District Court, N.D. New York · 2025
- Ingraham v. Saint Mary HospitalDistrict Court, N.D. New York · 2021
1 more not listed; retrieve them via the Exa API.