Securities and Exchange Commission v. John D. Lauer and Clifton Capital Investors L.P.’s Empirical Analysis
52 F.3d 667 · 1995
Citation profile
5 federal appellate · 7 district · 3 state decisions
How this case has been cited
Cited by 38 later decisions — most recently May 2019 · most notably United States Securities and Exchange Commission v. The Infinity Group Company (2000), 23921l Wolin Ram v. Smith Barney Incorporated (1996)
5 federal appellate · 7 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. § 77B (§ 2 of the Securities Act of 1933)
Relies on Securities & Exchange Commission v. C. M. Joiner Leasing Corp. · Landreth Timber Co. v. Landreth · Randall v. Loftsgaarden · United States v. Naftalin · Securities and Exchange Commission v. United Benefit Life Insurance Company
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 38 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.
“[i]t would be a considerable paradox if the worse the securities fraud, the less applicable the securities laws.”
3 later decisions quote this exact passage“A central purpose of the securities laws is to protect investors and would-be investors in the securities markets against misrepresentations . . . An elementary form of such misrepresentation is misrepresenting an interest as a security when it is nothing of the kind.”
2 later decisions quote this exact passage“it is the representations made by the promoters, not their actual conduct, that determine whether an interest is an investment contact (or other security).”
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.