From our private database of 14,200+ case briefs...
SEC v. World-Wide Coin Investments, Ltd.
United States District Court for the Northern District of Georgia
567 F.Supp. 724 (1983)
World-Wide Coin Investments, Ltd. (World-Wide) (defendant) is a publicly traded corporation, engaged in the business of selling rare coins and precious metals. An independent audit of the company revealed that it did not have sufficient safeguards in place to protect its inventory. Specifically, the audit complained that World-Wide allowed any of its employees to gain access to its metals. It also did not require employees to record whether they had removed inventory from World-Wide’s vault. Furthermore, the audit complained that World-Wide’s accounting records were in disarray, resulting in inaccurate or incomplete financial data. The lack of safeguards for its inventory and its poor accounting system led the Securities and Exchange Commission (SEC) (plaintiff) to bring suit against World-Wide for violating § 13(b) of the Foreign Corrupt Practices Act.
Rule of Law
Holding and Reasoning (Vining, J.)
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 241,000 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.