For Your Data Freeman V. Decio Illustration Brief
May 20, 2016
Edit
Freeman v. Decio example brief summary
584 F.2d 186 (1978)
CASE FACTS
Plaintiff stockholder filed adapt against accused chairman of the board, accused president of the corporation, too accused directors of the corporation inward which she held stock, alleging that defendants sold the corporation's stock on the Blue Planet of cloth within data during ii distinct periods. The lawsuit courtroom granted summary judgment inward favor of defendants.
DISCUSSION
CONCLUSION
Order granting defendants' motions for summary judgment affirmed because, inward lite of the bear witness presented past times defendants, plaintiff was unable to practice a genuine dispute equally to whether defendants' sales of stock were based on within information.
Recommended Supplements for Corporations too Business Associations Law
584 F.2d 186 (1978)
CASE SYNOPSIS
Plaintiff appealed an gild of the U.S. of A. of America District Court for the Northern District of Indiana granting defendants' motion for summary judgment inward an activity involving the sale of securities.CASE FACTS
Plaintiff stockholder filed adapt against accused chairman of the board, accused president of the corporation, too accused directors of the corporation inward which she held stock, alleging that defendants sold the corporation's stock on the Blue Planet of cloth within data during ii distinct periods. The lawsuit courtroom granted summary judgment inward favor of defendants.
DISCUSSION
- On appeal, the courtroom held that inward lite of defendants' affidavits too documentary evidence, plaintiff failed to practice a genuine dispute equally to whether the defendants' sales of stock were based on within information.
- Alternatively, the courtroom held that the plaintiff had failed to country a crusade of activity inward that Indiana constabulary had never recognized a correct inward a corporation to recover profits from insider trading.
CONCLUSION
Order granting defendants' motions for summary judgment affirmed because, inward lite of the bear witness presented past times defendants, plaintiff was unable to practice a genuine dispute equally to whether defendants' sales of stock were based on within information.
Recommended Supplements for Corporations too Business Associations Law