PAGE, SUPERINTENDENT OF PUBLIC INSTRUCTION, ET AL.

v.

WILLIAMS ET AL.

Citator

Cited By (56 total)

• Schein v. Chasen, 313 So. 2d 739 (Fla. 1975)
  …, 1971) (SEC sanctioning of institutional investors who sold a corporation’s shares after the corporation’s underwriter revealed adverse earnings results to them); cf. SEC v. Texas Gulf Sulphur Co., 446 F. 2d 1301, 1308 (2d Cir. 1971), cert. denied, 404 U.S. 1005, 92 S.Ct. 561, 30 L.Ed.2d 558 (1972) (affirming district court order, in SEC injunctive suit, requiring a ‘tippor’ to divest an amount equal to his tippees’ profits), the impetus for developing this expanded federal law liability —whose exact nature…
• Chiarella v. United States, 445 U.S. 222 (U.S. 1980)
  …Corp., 99 F. Supp. 808, 829 (Del. 1951). The federal courts have found violations of § 10 (b) where corporate insiders used undisclosed information for their own benefit. E. g., SEC v. Texas Gulf Sulphur Co., 401 F. 2d 833 (CA2 1968), cert. denied, 404 U. S. 1005 (1971). The cases also have emphasized, in accordance with the common-law rule, that “[t]he party charged with failing to disclose market information must be under a duty to disclose it.” Frigitemp Corp. v. Financial Dynamics Fund, Inc., 524 F. 2d 2…
• Dirks v. Sec. & Exch. Comm'n, 463 U.S. 646 (U.S. 1983)
  …lained in Mosser, a contrary rule “would open up opportunities for devious dealings in the name of others that the trustee could not conduct in his own.” 341 U. S., at 271. See SEC v. Texas Gulf Sulphur Co., 446 F. 2d 1301, 1308 (CA2), cert. denied, 404 U. S. 1005 (1971). Thus, the tippee’s duty to disclose or abstain is derivative from that of the insider’s duty. See Tr. of Oral Arg. 38. Cf. Chiarella, 445 U. S., at 246, n. 1 (Blackmun, J., dissenting). As we noted in Chiarella, “[t]he tippee’s obligation…