657 F. Supp. 1122 - SEC v. Benson’s Empirical Analysis
1987
Citation profile
7 federal appellate · 6 district · 2 state decisions
How this case has been cited
Cited by 43 later decisions — most recently May 2015 · most notably 927 F. Supp. 1297 - Marksman Partners, L.P. v. Chantal Pharmaceutical Corp. (1996), Securities & Exchange Commission v. Colello (1998)
7 federal appellate · 6 district · 2 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
Relies on Aaron v. Securities & Exchange Commission · Securities & Exchange Commission v. Texas Gulf Sulphur Co. · Louisville & Nashville Railroad v. United States · Securities & Exchange Commission v. Research Automation Corp. · Securities & Exchange Commission v. Manor Nursing Centers, Inc.
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 43 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.
“It shall be unlawful for any person, directly or indirectly, by the use of any means or instrumentality of interstate commerce, or of the mails or of any facility of any national securities exchange, (a) To employ any device, scheme, or artifice to defraud, (b) To make any untrue statement of a material fact or to omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading, or (c)To engage in any act, practice, or course of business which operates or would operate as a fraud or deceit upon any person, in connection with the purchase or sale of any security.”
1 later decision quote this exact passage · from the majority“It shall be unlawful for any person, directly or indirectly, by the use of any means or instrumentality of interstate commerce or of the mails, or of any facility of any national securities exchange ... [t]o use or employ, in connection with the purchase or sale of any security registered on a national securities exchange or any security not so registered, any manipulative or deceptive device or contrivance in contravention of such rules and regulations as the Commission may prescribe as necessary or appropriate in the public interest or for the protection of investors.”
1 later decision quote this exact passage · from the majority“It shall be unlawful for any person in the offer or sale of any securities ... by the use of any means or instruments of transportation or communication in interstate commerce or by use of the mails, directly or indirectly ... to obtain money or properly by means of any untrue statement of a material fact or any omission to state a material fact necessary in order to make the statements made ....”
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.