From our private database of 14,200+ case briefs...
In the Matter of Franchard Corporation
Securities and Exchange Commission
42 S.E.C. 163 (1964)
Louis J. Glickman was a real estate developer who conducted business through several corporations, the most successful of which was Venada Corporation. When Venada encountered financial difficulties, Glickman started Franchard Corporation, and purchased the majority of its shares. He also elected himself to the board of directors. Subsequently, funds were funneled from the sale of shares of Franchard Corporation to Venada, without the knowledge of Franchard’s shareholders or board of directors, except for one board member who served on the board for both Franchard and Venada. The Securities and Exchange Commission then commenced these proceedings to determine whether Franchard had properly disclosed Glickman’s involvement in both Franchard and Venada.
Rule of Law
Holding and Reasoning (Cary, Chairman)
What to do next…
Unlock this case brief with a free (no-commitment) trial membership of Quimbee.
You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 97,000 law students since 2011. Some law schools—such as Yale, Vanderbilt, Berkeley, and the University of Illinois—even subscribe directly to Quimbee for all their law students. Read our student testimonials.
Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.
Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students. Read more about Quimbee.
Here's why 238,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 14,200 briefs, keyed to 189 casebooks. Top-notch customer support.
- The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
- Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
- Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.