Ballay II Hd v. Legg Mason Wood Walker Inc 90-1412 Ballay’s Empirical Analysis
925 F.2d 682 · 1991
Citation profile
32 federal appellate · 19 district · 2 state decisions
How this case has been cited
Cited by 97 later decisions (1 by the Supreme Court) — most recently June 2015 · most notably Gustafson v. Alloyd Co. (1995), Shapiro v. UJB Financial Corp. (1992)
32 federal appellate · 19 district · 2 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. § 77E (§ 5 of the Securities Act of 1933) · 15 U.S.C. § 77J (§ 10 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) · 15 U.S.C. § 77P (§ 16 of the Securities Act of 1933) · 15 U.S.C. § 77Q (§ 17 of the Securities Act of 1933)
Relies on Ernst & Ernst v. Hochfelder · Consumer Product Safety Commission v. GTE Sylvania, Inc. · Blue Chip Stamps v. Manor Drug Stores · Missouri v. Continential Insurance Cos. · 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 97 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.
“by means of a prospectus or oral communication.”
10 later decisions quote this exact passage · from the majority“The bill affects only new offerings of securities sold through the use of the mails or of instrumentalities of interstate or foreign transportation or communication. It does not affect the ordinary redistribution of securities unless such redistribution takes on the characteristics of a new offering by reason of the control of the issuer possessed by those responsible for the offering.”
5 later decisions quote this exact passage · from the majority“[A]ny prospectus, notice, circular, advertisement, letter, or communication, written or by radio or television, which offers any security for sale or confirms the sale of any security ...”
3 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.