Marcus v. Otis’s Empirical Analysis
168 F.2d 649 · 1948
Citation profile
15 federal appellate · 2 district · 5 state decisions
How this case has been cited
Cited by 36 later decisions — most recently March 2012 · most notably Myzel v. Fields (1967), John B. Janigan v. Frederick B. Taylor (1965)
15 federal appellate · 2 district · 5 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 Bigelow v. RKO Radio Pictures, Inc. · Guth v. Loft, Inc. · Spiegel v. Beacon Participations, Inc. · Cahall v. Lofland · Casco National Bank of Portland v. Clark
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 36 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.
“"Presumably the most profitable way to dispose of so many shares would have been to feed them on the market gradually, and the best approximation to what would have been so realized, would be to take the average over the whole period."”
2 later decisions quote this exact passage · from the majority“Shares to be Acquired Common Shares ............................................. 91,414 Common Shares upon conversion of Preferred.................. 1,495 Common Shares upon exercise of option........................ 100,000 Total ................................................... 192,909 Subscription for Shares Price per Dollar Share Shares Amount Mrs. Cora Casagrande............. $1.20 10,000 $12,000.00 Mrs. Florence Freese.............. do 1,000 1,200.00 Dudley E. Foster.................. do 1,000 1,200.00 Hugh H. Gilmore.................. do 500 600.00 Joseph J. Neri.................... do 500 600.00 Edward F. Earile................. do 500 600.00 Harry T. Byrne................... do 250 300.00 Robert M. Hall ................... do 250 300.00 Mrs. Marie L. Tracey............. do 71,500 85,800.00 Curtis Franklin ................... do 10,000 12,000.00 Edward Y. Otis................... do 10,000 12,000.00 William H. Harrison.............. do 5,000 6,000.00 William Hutchinson............... do 3,000 3,600.00 Byron D. Kuth.................... do 3,000 3,600.00 British Type Investors, Inc......... do 11,771\ 53,738.70 do ........................... 1.50 26,409 / Scottish Type Investors, Inc......... 1.20 3,000 3,600.00 Allied International Investing Corporation .......................... do 2,229 2,674.80 Empire American Securities Corporation ............................ do 8,000 9,600.00 Automatic Products Corporation.... 5 70 25,000 14,101.98 Total .................... 19”
1 later decision quote this exact passage · from the majority“Plainly the defendants violated their duty as directors, when they converted the company's funds to buy their shares, and, like any other fiduciaries, they made themselves liable for all profits. That is so fundamental a doctrine as to fiduciaries of all sorts, that it is somewhat surprising to find it questioned.”
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.