Stier v. Smith’s Empirical Analysis
473 F.2d 1205 · 1973
Citation profile
20 federal appellate · 2 district · 1 state decisions
How this case has been cited
Cited by 39 later decisions — most recently November 1995 · most notably Dupuy v. Dupuy (1977), Straub v. Vaisman & Co. (1976)
20 federal appellate · 2 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. § 78J (§ 10 of the Securities Exchange Act of 1934)
Relies on Stevens v. Marks · List v. Fashion Park, Inc. · Fed. Sec. L. Rep. P 93,213 Hill York Corporation v. American International Franchises, Inc., Gurn H. Freeman · Ellis v. Carter · Hughes v. Securities & Exchange Commission
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 39 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.
“We should always be wary of holding that a purchaser of securities, who deals with the corporate insider, could have found out omitted material facts, by examining the corporate books or undertaking other extensive investigations. To do so is to allow the insider to present prospective purchasers with a mountain of information which they cannot possibly digest and excuse themselves from liability on the basis that they did not provide the right answers because they were not asked the right questions. Id. at 1208 .”
4 later decisions quote this exact passage“was entitled to judgment as a matter of law because sophisticated investors, like all others, are entitled to the truth”
2 later decisions quote this exact passage
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.