Wright v. Ernst & Young LLP’s Empirical Analysis
152 F.3d 169 · 1998
Citation profile
30 federal appellate · 21 district · 1 state decisions
How this case has been cited
Cited by 250 later decisions — most recently January 2025 · most notably Suez Equity Investors Lp and Sei Associates v. The Toronto-Dominion Bank (2001), Securities & Exchange Commission v. Tambone (2010)
30 federal appellate · 21 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
Relies on Scheuer v. Rhodes · Ernst & Ernst v. Hochfelder · Basic Inc. v. Levinson · Central Bank of Denver Na v. First Interstate Bank of Denver Na K · Santa Fe Industries, Inc. v. Green
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 250 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.
“"[i]f Central Bank is to have any real meaning, a defendant must actually make a false or misleading statement in order to be held liable under § 10(b). Anything short of such conduct is merely aiding and abetting, and no matter how substantial the aid may be, it is not enough to trigger liability under Section 10(b)."”
9 later decisions quote this exact passage · from the majority“[A] secondary actor cannot incur primary liability under the [Exchange] Act for a statement not attributed to that actor at the time of its dissemination. Such a holding would circumvent the reliance requirements of the Act, as reliance only on representations made by others cannot itself form the basis of liability. Thus, the misrepresentation must be attributed to that specific actor at the time of public dissemination, that is, in advance of the investment decision.”
7 later decisions quote this exact passage · from the majority“[B]ecause the press release contained a clear and express warning that no audit had yet been completed, there is no basis for Wright to claim that Ernst & Young had endorsed the accuracy of those results.”
3 later decisions 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.