McCormick v. Esposito’s Empirical Analysis

Citation profile

7 federal appellate · 2 district · 3 state decisions

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 21 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.

1. “[although the congressional committee report which recommended the enactment of Section 7 indicates that the protection of individual investors was a purpose only incidental to the protection of the overall economy from excessive speculation, it has been recognized in numerous cases since that time that private actions by market investors are a highly effective means of protecting the economy as a whole from margin violations by brokers and dealers. [Pearlstein v. Scudder & German] 429 F.2d [1136] at 1140 [(2 Cir. 1970)].”

   2 later decisions quote this exact passage · from the majority
   e.g. 528 F. Supp. 147 - Merrill Lynch, Pierce, Fenner & Smith, Inc. v. Del Valle · 406 So. 2d 1206 - Hinnant v. AM. NAT. BANK & TRUST CO.

2. “Gordon to avoid bothersome margin calls while his equity dwindled. He could gamble that his stock would appreciate in value without having to bolster his margin account with resources he could employ elsewhere. And when his stock fell so low that his margin account had a deficit instead of equity he had no incentive at all to put up more margin, for he could simply let the broker sell him out and let duPont take part of the loss. 487 F.2d at 1263 .”

   1 later decision quote this exact passage · from the majority
   e.g. Hornblower & Weeks-Hemphill, Noyes v. D & G Supply & Maintenance Co.

3. “between July 10, 1968, and January 24, 1969.”

   1 later decision quote this exact passage · from the majority
   e.g. Stern v. Merrill Lynch, Pierce, Fenner & Smith, Inc.