Wing v. Sedgwick’s Empirical Analysis

Citation profile

3 federal appellate · 1 district ·

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 4 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.

1. ““It is not alleged, however, that the $300,-000 was borrowed to pay for the stock and with the managers’ consent. In the absence of sueh allegations this loan could not be regarded as a borrowing by the managers within the contemplation of the underwriting agreement, and the underwriting subscriptions would not be collateral thereto. While we think the declaration does not state a cause of action as to the $300,000 loan, we are of the opinion that it does state one in so far as recovery is sought in behalf of the owners, legal or equitable, of participation certificates issued for sums loaned upon them.” '”

   1 later decision quote this exact passage · from the majority
   e.g. Wing v. Sedgwick

2. ““The lenders being under no obligation to see that the money borrowed was applied to the payment' off the stock, the underwriter’s obligation to pay his subscription was not conditioned upon his receiving full paid stock.””

   1 later decision quote this exact passage · from the majority
   e.g. Wing v. Sedgwick

3. ““Its attempted cancellation, however, would not affect the rights of .the then holders of outstanding participations to the extent that they had advanced money on the certificates.””

   1 later decision quote this exact passage · from the majority
   e.g. Wing v. Sedgwick