Warfield v. Alaniz’s Empirical Analysis
569 F.3d 1015 · 2009
Citation profile
5 federal appellate · 5 district ·
How this case has been cited
Cited by 23 later decisions — most recently May 2025
5 federal appellate · 5 district ·
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) · 15 U.S.C. § 77C (§ 3 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) · 15 U.S.C. § 78E (§ 5 of the Securities Exchange Act of 1934) · 15 U.S.C. § 78O (§ 15 of the Securities Exchange Act of 1934) · 15 U.S.C. § 80A
Relies on Securities & Exchange Commission v. W. J. Howey Co. · United Housing Foundation, Inc. v. Forman · Tcherepnin v. Knight · Securities & Exchange Commission v. C. M. Joiner Leasing Corp. · Reves v. Ernst & Young
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 23 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.
“a narrow and literal reading of the definition of securities.”
2 later decisions quote this exact passage · from the majority“to regulate all of the 'countless and variable schemes devised by those who seek the use of the money of others on the promise of profits.' " Edwards , 540 U.S. at 396 , 124 S.Ct. 892 (quoting Howey , 328 U.S. at 299 , 66 S.Ct. 1100 ). The Court was wary that "unscrupulous marketers of investments”
1 later decision quote this exact passage · from the majority“a contract, transaction or scheme whereby a person invests his money in a common enterprise and is led to expect profits solely from the efforts of the promoter or a third party.”
1 later decision 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.