Murray v. McGraw’s Empirical Analysis
821 F.2d 333 · 1987
Citation profile
2 federal appellate · 1 district ·
How this case has been cited
Cited by 11 later decisions — most recently June 2001
2 federal appellate · 1 district ·
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. § 78F (§ 6 of the Securities Exchange Act of 1934)
Relies on Securities Investor Protection Corp. v. Barbour · Corning Glass Works v. Brennan · Securities & Exchange Commission v. Aberdeen Securities Co. · Tepper v. Chichester
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 11 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.
“We hold that, under SIPA, all trades ordered by customers of a debtor before the filing date should be treated, vis-a-vis those customers, as if subsequently completed by the debtor. Those customers who ordered stocks held for them by the debtor to be sold before the filing date have a claim against the estate for the purchase price, not for stock,....”
2 later decisions quote this exact passage · from the majority“... to protect individual investors from financial hardship; to insulate the economy from the disruption which can follow the failure of major financial institutions; and to achieve a general upgrading of financial responsibility requirements of brokers and dealers to eliminate, to the maximum extent possible, the risks which lead to customer loss.”
2 later decisions quote this exact passage · from the majority“We are persuaded that Congress intended the exact same policy to apply to the customers of the debtor as applies to customers of brokers who dealt with the debtor. They should remain, as much as possible, unaffected by their broker’s collapse. The best way to do this is either to complete trades ordered before the filing date or to settle out with customers as if those trades had been completed.”
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.