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Corporations Keyed to O’Kelley
Securities and Exchange Commission v. Ralston Purina Co.
Citation:346 U.S. 119 (1953)
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*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:
Ralston and Purina manufactures and distributes various feed and cereal products. Since 1911 the company has had a policy of encouraging stock ownership among its employees; particularly, it has made authorized but unissued common stocks available to some of them. In each of the years, a corporate resolution authorized the sale of common stock to employees who shall, without any solicitation by the company or its officers or employees, inquire of any of them as to how to purchase common stock of Ralston Purina Company. The buyers lived in over fifty widely separated communities. The record shows that in 1947, 234 employees bought stock. The company bottoms its exemption claim on the classification of all offerees as key employees in its organization.
- 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.