From Casetext: Smarter Legal Research

Coates v. Securities and Exchange Commission

U.S.
Apr 21, 1969
394 U.S. 976 (1969)
Download
PDF
Check
Treatment

Summary

considering the existence of a private cause of action for investors misled by company misrepresentations as to the presence of mineral reserves without any suggestion that investors should have made their own geological investigations

Summary of this case from Freschi v. Grand Coal Venture
See 5 Summaries

Opinion

No. 897.

April 21, 1969.

C.A. 2d Cir. Certiorari denied. Albert R. Connelly, Gordon Gooch, and Donald Strauber for petitioner in No. 897, and Orison S. Marden for petitioner in No. 937. Solicitor General Griswold, Philip A. Loomis, Jr., David Ferber, and Donald M. Feuerstein for respondent in both cases. Reported below: 401 F. 2d 833.

Summaries of

Coates v. Securities and Exchange Commission

U.S.
Apr 21, 1969
394 U.S. 976 (1969)

considering the existence of a private cause of action for investors misled by company misrepresentations as to the presence of mineral reserves without any suggestion that investors should have made their own geological investigations

Summary of this case from Freschi v. Grand Coal Venture

stating that the substantial evidence formula for review "is not like a standard of weights and measures"

Summary of this case from Abilene Sheet Metal, Inc. v. N.L.R.B

articulating "disclose or abstain" rule prohibiting trading on inside information

Summary of this case from Chanoff v. U.S. Surgical Corp.

noting that directors and officers are insiders for Rule 10 (b)-5 purposes

Summary of this case from In re Everfresh Beverages

noting that "findings may be clearly erroneous without being unreasonable so as to be upset under the substantial-evidence rule"

Summary of this case from Hunter Industrial Facilities, Inc. v. Texas Natural Resource Conservation Commission
Case details for

Coates v. Securities and Exchange Commission

Case Details

Full title:COATES v. SECURITIES AND EXCHANGE COMMISSION

Court:U.S.

Date published: Apr 21, 1969

Citations

394 U.S. 976 (1969)

Citing Cases

Feit v. Leasco Data Processing Equipment Corp.

Civil liability has been established for violation of Rule 10b-5. See SEC v. Texas Gulf Sulphur, 401 F.2d 833…

Nathanson v. Weis, Voisin, Cannon, Inc.

SEC v. Texas Gulf Sulphur Co., 401 F.2d 833, 848, (2d Cir.), cert. denied sub. nom. Coates v. SEC, 394 U.S.…

510 Citing Cases