Chemical Bank v. Arthur Andersen & Co.’s Empirical Analysis
726 F.2d 930 · 1984
Citation profile
96 federal appellate · 21 district · 5 state decisions
How this case has been cited
Cited by 265 later decisions (2 by the Supreme Court) — most recently July 2023 · most notably Landreth Timber Co. v. Landreth (1985), Reves v. Ernst & Young (1990)
96 federal appellate · 21 district · 5 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) · 15 U.S.C. § 78J (§ 10 of the Securities Exchange Act of 1934) · 28 U.S.C. § 1254 · 28 U.S.C. § 1292
Relies on United Mine Workers of America v. Gibbs · Blue Chip Stamps v. Manor Drug Stores · Pepper v. Litton · Herman & MacLean v. Huddleston · Patterson v. United States
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 265 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.
“The purpose of § 10(b) and Rule 10b-5 is to protect persons who are deceived in securities transactions — to make sure that buyers of securities get what they think they are getting and that sellers of securities are not tricked into parting with something for a price known to the buyer to be inadequate or for a consideration known to the buyer not to be what it purports to be.”
23 later decisions quote this exact passage · from the concurrence“... the note delivered in consumer financing, the note secured by a mortgage on a home, the short-term note secured by a lien on a small business or some of its assets, the note evidencing a "character" loan to a bank customer, short-term notes secured by an assignment of accounts receivable, or a note which simply formalizes an open-account debt incurred in the ordinary course of business (particularly if, as in the case of the customer of a broker, it is collateralized).”
9 later decisions quote this exact passage · from the majority“impose[s] liability for a proscribed act in connection with the purchase or sale of a security; it is not sufficient to allege that a defendant has committed a proscribed act in a transaction of which the pledge of a security is a part.”
9 later decisions quote this exact passage · from the concurrence
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.