Slater v. Edwards’s Empirical Analysis
719 F.3d 1190 · 2013
Citation profile
13 federal appellate · 2 district · 2 state decisions
Relationships
Applies 15 U.S.C. § 77K (§ 11 of the Securities Act of 1933)
Relies on Bell Atlantic Corp. v. Twombly · Ashcroft v. Iqbal · Herman & MacLean v. Huddleston · ATSI Communications, Inc. v. Shaar Fund, Ltd. · Roth v. Jennings
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 27 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.
“[T]he Plaintiffs cannot show how the omission of the cross-default provisions made the statement misleading. The statement merely mentions Thornburg’s dependence on repurchase agreements to borrow money and that a decline in the value of their ARM assets could trigger a margin call. There is no mention about the possibility of failing to meet a margin call or its consequences. Default, let alone cascading default, is an entirely different subject that is not even broached in the statement. Because the statement gives no impression, one way or the other, about the effect on the company of failing to meet a margin call, there is no basis for believing the statement was misleading.”
2 later decisions quote this exact passage · from the majority“documents incorporated by reference into the complaint, public documents filed with the SEC [Securities and Exchange Commission], and documents the plaintiffs relied upon in bringing suit.”
2 later decisions quote this exact passage · from the majority“only if a reasonable investor would consider it important in determining whether to buy or sell stock.”
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.