Securities & Exchange Commission v. Glenn W. Turner Enterprises Inc.’s Empirical Analysis
474 F.2d 476 · 1973
Citation profile
168 federal appellate · 33 district · 71 state decisions
How this case has been cited
Cited by 426 later decisions (2 by the Supreme Court) — most recently June 2020 · most notably United Housing Foundation, Inc. v. Forman (1975), Williamson v. Tucker (1981)
168 federal appellate · 33 district · 71 state decisions — followed in 29 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.
Relationships
Applies 15 U.S.C. § 77A (§ 1 of the Securities Act of 1933) · 15 U.S.C. § 77B (§ 2 of the Securities Act of 1933) · 15 U.S.C. § 78A (§ 1 of the Securities Exchange Act of 1934) · 15 U.S.C. § 78C (§ 3 of the Securities Exchange Act of 1934)
Relies on Securities & Exchange Commission v. W. J. Howey Co. · Glidden Company v. Zdanok Et Al. · Tcherepnin v. Knight · Securities & Exchange Commission v. C. M. Joiner Leasing Corp. · Anderson v. Alabama
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 426 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.
“whether the efforts made by those other than the investor are the undeniably significant ones, those essential managerial efforts which affect the failure or success of the enterprise.”
75 later decisions quote this exact passage · from the majority“The test is whether the scheme involves an investment of money in a common enterprise with profits to come solely from the efforts of others.”
17 later decisions quote this exact passage · from the majority“A common enterprise is one in which the fortunes of the investor are interwoven with and dependent upon the efforts and success of those seeking the investment or of third parties.”
16 later decisions 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.