Securities & Exchange Commission v. C. M. Joiner Leasing Corp.’s Empirical Analysis
320 U.S. 344 · 1943
Citation profile
695 federal appellate · 173 district · 205 state decisions
How this case has been cited
Cited by 1,663 later decisions (50 by the Supreme Court) — most recently March 2021 · most notably Grogan v. Garner (1991), Securities & Exchange Commission v. W. J. Howey Co. (1946)
695 federal appellate · 173 district · 205 state decisions — followed in 32 states
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.
Appellate journey
reviewedSecurities & Exchange Commission v. C. M. Joiner Leasing Corp. (from Fifth Circuit Court of Appeals)
Relationships
Relies on United States v. Wiltberger · United States v. Gilliland · Helvering v. Stockholms Enskilda Bank · Gooch v. United States
Cited together with Securities & Exchange Commission v. W. J. Howey Co. · Tcherepnin v. Knight · United Housing Foundation, Inc. v. Forman · Marine Bank v. Weaver · Securities & Exchange Commission v. Glenn W. Turner Enterprises Inc.
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 1,663 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.
“common trading for speculation or investment,”
70 later decisions quote this exact passage · from the majority“what character the instrument is given in commerce by the terms of the offer, the plan of distribution, and the economic inducements held out to the prospect.”
40 later decisions quote this exact passage · from the majority“[A] note, stock, * * * debenture, evidence of indebtedness, * * * investment contract * * * or, in general, any interest or instrument commonly known as a “security,” or any certificate of interest or participation in, temporary or interim certificates for, receipt for, guarantee of, or warrant or right to subscribe to or purchase any of the foregoing.”
18 later decisions quote this exact passage · from the majoritye.g. United States v. New York, New Haven & Hartford Railroad · United States v. New York, New Haven and Hartford Railroad Company, Tri-Continental Financial Corporation, A. C. Allyn and Company, Incorporated, American Transportation Enterprises, Inc., Equitable Securities Corporation, Carl M. Loeb, Rhoades & Co., the Robinson-Humphrey Company, Inc., and John W. Clarke & Co., Helene Glenmore v. John I. Ahern
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.