Logourl black

Goodwin v. Agassiz

Supreme Judicial Court of Massachusetts
186 N.E. 659 (Mass. 1933)


Facts

Goodwin (plaintiff) owned stock in Cliff Mining Company (Cliff). Exploration on some of Cliff’s property was undertaken in 1925 in an attempt to find copper deposits. In March 1926, Agassiz and MacNaughton (defendants), directors of Cliff, learned of a geologist’s theory as to the existence of copper deposits in another part of Cliff’s property. The defendants thought that if the geologist’s theory was correct, Cliff’s stock would go up. Soon thereafter, in May 1926, the initial exploration was stopped because it was unsuccessful. At that time, Goodwin, with no knowledge of the geologist’s report, sold his stock in Cliff through a broker. The stock ended up being bought by the defendants. Goodwin brought suit against the defendants on the ground that the defendants’ nondisclosure of the geologist’s theory to Cliff’s stockholders was improper. The nondisclosure did not harm Cliff, but Goodwin claimed that he personally would not have sold his stock if he had known about the geologist’s theory.

Rule of Law

The rule of law is the black letter law upon which the court rested its decision. To access this section, start your 7-day free trial of Quimbee for Law Students.

Issue

The issue section includes the dispositive legal issue in the case phrased as a question. To access this section, start your 7-day free trial of Quimbee for Law Students.

Holding and Reasoning (Rugg, C.J.)

The holding and reasoning section includes:

  • A “yes” or “no” answer to the question framed in the issue section;
  • A summary of the majority or plurality opinion, using the CREAC method; and
  • The procedural disposition (e.g. reversed and remanded, affirmed, etc.).

To access this section, start your 7-day free trial of Quimbee for Law Students.

Here's why 81,000 law students rely on our case briefs:

  • Reliable - written by law professors and practitioners not other law students.
  • The right length and amount of information - includes the facts, issue, rule of law, holding and reasoning, and any concurrences and dissents.
  • Access in your class - works on your mobile and tablet.
  • 11,513 briefs - keyed to 153 casebooks.
  • Uniform format for every case brief.
  • Written in plain English - not in legalese and not just repeating the court's language.
  • Massive library of related video lessons - and practice questions.
  • Ability to tag case briefs in an outlining tool.
  • Top-notch customer support.
Start Your Free Trial Now