Statements (57)
| Predicate | Object |
|---|---|
| gptkbp:instance_of |
gptkb:legal_case
|
| gptkbp:bfsLayer |
5
|
| gptkbp:bfsParent |
gptkb:Rule_10b-5
|
| gptkbp:case_types |
gptkb:legal_case
appealed from lower court ruling summarized in legal textbooks. No. 78-204 documented in legal databases and law reviews involved a corporate takeover |
| gptkbp:consequences |
influenced future insider trading cases
|
| gptkbp:court |
gptkb:Washington,_D._C.
|
| gptkbp:decided_by |
gptkb:legal_case
March 21, 1980 |
| gptkbp:historical_debate |
November 14, 1979
|
| gptkbp:historical_significance |
important for securities regulation
|
| https://www.w3.org/2000/01/rdf-schema#label |
Chiarella v. United States
|
| gptkbp:impact |
led to more stringent regulations on insider trading
|
| gptkbp:is_cited_in |
frequently referenced in legal literature
445 U. S. 222 |
| gptkbp:is_involved_in |
Vincent Chiarella and the United States
|
| gptkbp:judicial_review |
reviewed by the Supreme Court
based on the lack of a fiduciary duty |
| gptkbp:key |
insider trading
|
| gptkbp:legal_issue |
gptkb:Securities_Exchange_Act_of_1934
gptkb:legal_case securities fraud duty to disclose influenced judicial interpretations of securities law focused on duty to disclose material information part of the legal framework governing securities transactions |
| gptkbp:legal_representation |
defended by attorney William J. Brennan Jr.
examined the concept of materiality contextualized within the broader securities regulation framework |
| gptkbp:notable_event |
gptkb:SEC_v._Texas_Gulf_Sulphur_Co.
cited in later insider trading cases |
| gptkbp:outcome |
5-4 ruling
often studied in law schools conviction reversed reversal of lower court's decision Chiarella did not have a duty to disclose analyzed the implications of non-disclosure important for understanding insider trading laws landmark case in U. S. securities law majority opinion emphasized disclosure duties not guilty of securities fraud shaped insider trading laws affected future enforcement of insider trading laws reversal had significant implications for securities law |
| gptkbp:precedent |
insider trading laws
established standards for insider trading future insider trading prosecutions |
| gptkbp:propulsion |
gptkb:Vincent_Chiarella
|
| gptkbp:public_perception |
gptkb:Justice_Potter_Stewart
gptkb:Justice_William_J._Brennan_Jr. argued for broader interpretation of insider trading laws |
| gptkbp:responds_to |
gptkb:United_States
|
| gptkbp:significance |
clarified the definition of insider trading
|