Craftmatic Securities Litigation v. Kraftsow’s Empirical Analysis
890 F.2d 628 · 1989
Citation profile
56 federal appellate · 99 district · 9 state decisions
How this case has been cited
Cited by 301 later decisions (1 by the Supreme Court) — most recently January 2021 · most notably Virginia Bankshares, Inc. v. Sandberg (1991), Kowal v. MCI Communications Corp. (1994)
56 federal appellate · 99 district · 9 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. § 77 · 15 U.S.C. § 771 (CAN-SPAM Act of 2003) · 15 U.S.C. § 77B (§ 2 of the Securities Act of 1933) · 15 U.S.C. § 77C (§ 3 of the Securities Act of 1933) · 15 U.S.C. § 77E (§ 5 of the Securities Act of 1933) · 15 U.S.C. § 77K (§ 11 of the Securities Act of 1933) · 15 U.S.C. § 77L (§ 12 of the Securities Act of 1933) · 15 U.S.C. § 77O (§ 15 of the Securities Act of 1933)
Relies on Conley v. Gibson · United Mine Workers of America v. Gibbs · Ernst & Ernst v. Hochfelder · Basic Inc. v. Levinson · TSC Industries, Inc. v. Northway, Inc.
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 301 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.
“[E]ven under a non-restrictive application of [Rule 9(b) ], pleaders must allege that the necessary information lies within defendants' control, and their allegations must be accompanied by a statement of the facts upon which the allegations are based.”
14 later decisions quote this exact passage · from the majority“(a) In case any part of the registration statement, when such part became effective, contained an untrue statement of a material fact or omitted to state a material fact required to be stated therein or necessary to make the statements therein not misleading, any person acquiring such security (unless it is proved that at the time of such acquisition he knew of such untruth or omission) may, either at law or in equity, in any court of competent jurisdiction, sue—(1) every person who signed the registration statement; (2) every person who was a director of ... the issuer at the time of the filing of the part of the registration statement with respect to which his liability is asserted; ... (5) every underwriter with respect to such security....”
7 later decisions quote this exact passage · from the majoritye.g. In Re Numerex Corp. Securities Litigation · Fed. Sec. L. Rep. P 90,205, 98 Cal. Daily Op. Serv. 3660, 98 Daily Journal D.A.R. 5047 Jeffrey D. Steckman, and All Others Similarly Situated v. Hart Brewing, Inc. George Hancock John Stoddard Don Burdick John E. Morse Peter T. Morse John T. Bryce Marcia L. Ellis Janet Morse Paine Webber, Inc. Dean Witter Reynolds, Inc.“In all averments of fraud or mistake, the circumstances constituting fraud or mistake shall be stated with particularity. Malice, intent, knowledge, and other condition of mind of a person may be averred generally.”
7 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.