Stinson v. Van Valley Development Corp.’s Empirical Analysis

Citation profile

3 federal appellate · 1 district ·

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

1. “[T]he rationale of Peil and Basic can properly be extended “where the promoters knew that the subject enterprise was worthless when the securities were issued, and successfully issued the securities only because of defendants’ fraudulent scheme.” Abell v. Potomac Ins. Co., 858 F.2d 1104 (5th Cir.1988)____ The Court notes that the focus of its inquiry is the value of the bonds at the time of issuance-whether the promoters knew that the development project pledged to retire the bonds was patently worthless, a sham or hoax.”

   1 later decision quote this exact passage
   e.g. In re Bexar County Health Facility Development Corp. Securities Litigation

2. “While investors cannot be said to reasonably rely on market mechanism to reflect an accurate price in illiquid and undeveloped markets, reliance on market integrity to reflect the basic marketability of a security is not so unlikely.... In such cases, it is reasonable to presume that an investor would actually rely on the integrity of an illiquid market to reflect such a fundamental characteristic.”

   1 later decision quote this exact passage
   e.g. 746 F. Supp. 1264 - Wiley v. Hughes Capital Corp.