Reed v. Riddle Airlines’s Empirical Analysis
266 F.2d 314 · 1959
Citation profile
25 federal appellate · 1 district · 1 state decisions
How this case has been cited
Cited by 37 later decisions — most recently March 1980 · most notably List v. Fashion Park, Inc. (1965), Perry O. Hooper, as Trustee in Bankruptcy of Consolidated American Industries, Inc. v. Mountain States Securities Corporation (1960)
25 federal appellate · 1 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. § 78A (§ 1 of the Securities Exchange Act of 1934) · 15 U.S.C. § 78J (§ 10 of the Securities Exchange Act of 1934)
Relies on 99 F. Supp. 808 - Speed v. Transamerica Corp. · Lumbermens Mut. Casualty Co. v. Timms & Howard, Inc. · Mansfield Hardwood Lumber Co. v. Johnson · 159 F. Supp. 104 - Johnson v. Mansfield Hardwood Lumber Company
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 37 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.
“employed any device, scheme or artifice to defraud.”
2 later decisions quote this exact passage · from the majority““The appellants insist that, as president and general manager of the corporation, Riddle owed a fiduciary duty to the stockholders to disclose knowledge affecting the value of the stock which had come to his knowledge as an ‘insider,’ before purchasing the same from a shareholder. We agree, and have recently held to that effect in Mansfield Hardwood Lumber Company v. Johnson, 5 Cir., 263 F.2d 748 , affirming a well-considered decision of Judge Ben C. Dawkins, Jr., of the Western District of Louisiana, reported in D.C., 159 F.Supp. 104 et seq. In this case that duty is emphasized by the Securities Exchange Act of 1934, 15 U.S.C.A. § 78a, et seq., and by Rule X-10B-5 adopted by the Securities and Exchange Commission to supplement Section 10(b) of that Act. See Speed v. Transamerica Corporation, D.C.Del.1951, 99 F.Supp. 808, 828, 829 . While we thus agree with the legal basis of appellants’ claimed right of rescission, we do not agree that the evidence established such a right under the applicable law.””
1 later decision quote this exact passage · from the majoritye.g. Rogers v. Riddle““ * * * The spectacular rise in the price per share of the stock of Riddle Airlines subsequent to Riddle’s purchase from Reed on March 28, 1955, was caused by Davis’ continued purchases of stock, and goes to show that Riddle owed a duty to Reed to disclose the fact that Davis was interested; * * *_»”
1 later decision quote this exact passage · from the majoritye.g. Rogers v. Riddle
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.