Pbw Stock Exchange, Inc. v. Securities and Exchange Commission, Equity Services, Inc. v. Securities and Exchange Commission, Connecticut Nutmeg Securities, Inc. v. Securities and Exchange Commission, Robert I. Berdon as Treasurer of the State of Connecticut, and President of Connecticut Nutmeg Securities, Inc. v. Securities and Exchange Commission’s Empirical Analysis
485 F.2d 718 · 1973
Citation profile
34 federal appellate · 8 district · 3 state decisions
How this case has been cited
Cited by 66 later decisions — most recently August 2019 · most notably 16 Cal. 3d 392 - Agricultural Labor Relations Board v. Superior Court (1976), Investment Co. Institute v. Board of Governors of Federal Reserve System (1977)
34 federal appellate · 8 district · 3 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. § 77A (§ 1 of the Securities Act of 1933) · 15 U.S.C. § 78B (§ 2 of the Securities Exchange Act of 1934) · 15 U.S.C. § 78D (§ 4a of the Securities Exchange Act of 1934) · 15 U.S.C. § 78S (§ 19 of the Securities Exchange Act of 1934) · 15 U.S.C. § 78Y (§ 25 of the Securities Exchange Act of 1934) · 15 U.S.C. § 79 (Public Utility Holding Company Act of 1935) · 28 U.S.C. § 47 · 29 U.S.C. § 160 (§ 10 of the National Labor Relations Act)
Relies on Universal Camera Corp. v. National Labor Relations Board · Abbott Laboratories v. Gardner · Securities and Exchange Commission v. Chenery Corporation Same · Leedom v. Kyne · National Labor Relations Board v. Wyman-Gordon Co.
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 66 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.
“Rulemaking ... characteristically involves ... declaring generally applicable policies binding upon the affected public generally, but not adjudicating the rights and obligations of the parties before it.”
3 later decisions quote this exact passage · from the majority““rule” means the whole or a part of an agency statement of general or particular applicability and future effect designed to implement, interpret or prescribe law or policy or describing the organization, procedure, or practice requirements of an agency and includes the approval or prescription for the future of rates, wages, corporate or financial structures or reorganizations thereof, prices, facilities, appliances, services or allowances thereof or of valuations, costs, or accounting, or practices bearing on the foregoing.”
2 later decisions quote this exact passage · from the majority“[t]he courts have consistently held that where an agency, as in this case, is given an option to proceed by rulemaking or by individual adjudication the choice is one that lies in the informed discretion of the administrative agency”
2 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.