Confirm favorite deletion?
Corporations Keyed to O’Kelley
In the Matter of Informix Corp.
Citation:Securities and Exchange Commission Exchange Act Release #34-42326 (2011)
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:
Informix Corporation is a multinational database software company. In November 1997, the company restated its financial statements for 1994 through 1996. During the period, former employees of the company, including salespersons, members of management and others, engaged in a variety of fraudulent and other practices that inflated annual and quarterly revenues and earnings in violation of generally accepted accounting principles. In the restatement process, the company and its auditors identified $114 million of accounting irregularities in 1995 and 1996 involving more than a hundred transactions, mostly with resellers. Because the irregularities relating to reseller purchase commitments were so pervasive, the company and its auditors determined that all such transactions should be restated to defer revenue recognition until the resellers resold the licenses to end-users.
- 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.