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Business Associations Keyed to Hamilton
Dirks v. Securities and Exchange Commn.
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- The Brief Prologue provides necessary case brief introductory information and includes:
- Topic: Identifies the topic of law and where this case fits within your course outline.
- Parties: Identifies the cast of characters involved in the case.
- Procedural Posture & History: Shares the case history with how lower courts have ruled on the matter.
- Case Key Terms, Acts, Doctrines, etc.: A case specific Legal Term Dictionary.
- Case Doctrines, Acts, Statutes, Amendments and Treatises: Identifies and Defines Legal Authority used in this case.
- The Case Brief is the complete case summarized and authored in the traditional Law School I.R.A.C. format. The Pro case brief includes:
- Brief Facts: A Synopsis of the Facts of the case.
- Rule of Law: Identifies the Legal Principle the Court used in deciding the case.
- Facts: What are the factual circumstances that gave rise to the civil or criminal case? What is the relationship of the Parties that are involved in the case. Review the Facts of this case here:
Dirks (Defendant), the tippee and officer of a brokerage firm, was told by the insider, Secrist, that Equity Funding of America (EFA) was committing corporate fraud. The Defendant then investigated EFA to verify Secrist’s information. Neither Defendant nor his firm owned or traded EFA stock. However, during Defendant’s investigation, he openly disclosed the information to investors and many of them sold their EFA stock as a result. The price of EFA stock then dropped from $26 to $15. However, mainly because of Defendant’s investigation, the SEC (Plaintiff) was able to convict the officers of EFA for corporate fraud. Still, the Plaintiff sued the Defendant and reprimanded him for revealing the nonpublic information to the investors. The court of appeals affirmed. Defendant applied for and was granted certiorari by the U.S. Supreme Court.
- Issue(s): Lists the Questions of Law that are raised by the Facts of the case.
- Holding: Shares the Court's answer to the legal questions raised in the issue.
- Concurring / Dissenting Opinions: Includes valuable concurring or dissenting opinions and their key points.
- Reasoning and Analysis: Identifies the chain of argument(s) which led the judges to rule as they did.
- The Brief Prologue closes the case brief with important forward-looking discussion and includes:
- Policy: Identifies the Policy if any that has been established by the case.
- Court Direction: Shares where the Court went from here for this case.