Levinson v. Basic Inc.’s Empirical Analysis
786 F.2d 741 · 1986
Citation profile
37 federal appellate · 8 district · 1 state decisions
How this case has been cited
Cited by 66 later decisions (3 by the Supreme Court) — most recently March 2016 · most notably Basic Inc. v. Levinson (1988), Amgen Inc. v. Connecticut Retirement Plans and Trust Funds (2013)
37 federal appellate · 8 district · 1 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.
Appellate journey
Relationships
Relies on Ernst & Ernst v. Hochfelder · Ohio Bureau of Employment Services v. Hodory · Poller v. Columbia Broadcasting System, Inc. · TSC Industries, Inc. v. Northway, Inc. · Affiliated Ute Citizens of Utah 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 66 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.
“(1) that the defendants made public misrepresentations, (2) that the misrepresentations were material, (3) that the stock was traded on an efficient market, (4) that the misrepresentations would induce a reasonable, relying investor to misjudge the value of the stock, and (5) that the plaintiff traded in the stock between the time the misrepresentations were made and the time the truth was revealed.”
4 later decisions quote this exact passage · from the majority“(a) Every person who, directly, or indirectly, controls any person liable under any provision of this chapter or of any rule or regulation thereunder shall also be liable jointly and severally with and to the same extent as such controlled persons to any person to whom such controlled person is liable, unless the controlling person acted in good faith and did not directly or indirectly induce the act or acts constituting the violation or cause of action. (b) It shall be unlawful for any person, directly or indirectly, to do any act or thing which it would be unlawful for such person to do under the provisions of this chapter or any rule or regulation thereunder through or by means of any other person.”
2 later decisions quote this exact passage · from the majority“once a statement is made denying the existence of any discussions, even discussions that might not have been made material in absence of the denial are material because they make the statement made untrue.”
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.