Confirm favorite deletion?
Securities Regulation Keyed to Coffee
Akerman v. Oryx Communications, Inc.
Only StudyBuddy Pro offers the complete Case Brief Anatomy*
Access the most important case brief elements for optimal case understanding.
*Case Brief Anatomy includes: Brief Prologue, Complete Case Brief, Brief Epilogue
- 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:
A business that produced and sold video tapes and dvds, Oryx, filed a registration statement for initial public offering of 700,000 shares of stock. The stock sold at $4.75. An inaccuracy was included in the prospectus within the registration statement where Oryx reported a substantial transaction by a subsidiary one month later than usual. Therefore, the profits listed in the financial statement were exaggerated in the prospectus. The distortion was revealed to the SEC by Oryx months later, when the stocks selling price was $4.00. The day prior to Oryx revealing the error to the public, a month after the reveal to the SEC, the stock was selling at $3.25. Akermanbrought suit still a month after that, when the stock’s price was at $3.50, hoping to recoup the variance in value between the initial purchase price and the value at the time the suit was started under § 11 of the Securities Act. Oryx replied that the diminishing value of the stock occurred due to reasons other than distortion in the registration statement. The district court granted summary judgment to Oryx and Akerman appealed.
- 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.