In re VMS Securities Litigation’s Empirical Analysis
1991
Citation profile
2 federal appellate · 3 district · 1 state decisions
How this case has been cited
Cited by 42 later decisions — most recently October 2010 · most notably Alpern v. UtiliCorp United, Inc. (1996), Drennen v. PNC Bank National Ass'n (2010)
2 federal appellate · 3 district · 1 state decisions
Later decisions citing this case, by decade. The current decade is in progress, and our corpus holds fewer opinions from the most recent years, so the latest bars are undercounted — not a real decline.
Relationships
Applies 15 U.S.C. § 78J (§ 10 of the Securities Exchange Act of 1934)
Relies on Eisen v. Carlisle & Jacquelin · Basic Inc. v. Levinson · Affiliated Ute Citizens of Utah v. United States · Deposit Guaranty National Bank v. Roper · Commissioner v. Engle
Most-quoted passages
The sentences later courts lift from this opinion, ranked by how many decisions quote each — the parts of the opinion doing the work. These counts are smaller than the citation total above because most of the 42 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.
“typicality is impossible because the circumstances surrounding each plaintiff’s investment decision vary. Some plaintiffs allegedly bought their securities during the initial public offerings and relied on offering prospectuses, while other plaintiffs purchased their securities through brokers on the open-market, and did not review any documents. In addition, some of the purchases were made pursuant to a dividend reinvestment program, and thus involved passive investing, rather than active purchasing on the part of some plaintiffs.”
1 later decision quote this exact passage · from the majority
How this case has been treated — in progress
Whether each later court followed, distinguished, criticized, or overruled this decision. The treatment classification (task #35) runs highest-cited cases first and lights up here as it reaches this one.