United States v. Wolfson
United States Court of Appeals for the Second Circuit
405 F.2d 779, cert. denied 394 U.S. 946 (1968)
Louis E. Wolfson (defendant), along with his family and his business partner, Elkin B. Gerbert, owned over 40 percent of the shares of Continental Enterprises, Inc. Between 1960 and 1962, Wolfson and his associates sold a significant number of these shares through several different brokerage houses. The United States (plaintiff) then brought suit against Wolfson for failure to register the stock in question before its sale. Wolfson argued that it was not required to register, as the transactions were not conducted by an issuer, underwriter, or dealer, and thus Wolfson and his associates were exempt from registration. The district court ruled in favor of the United States. Wolfson appealed to the Second Circuit Court of Appeals.
Rule of Law
Holding and Reasoning (Woodbury, 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 171,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 13,800 briefs, keyed to 187 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.