United States Supreme Court
THE WHARF (HOLDINGS) LTD. v. UNITED INT'L HOLDINGS, INC., 00-347
Secretly intending never to honor an oral grant of an option to buy stock violates section 10(b) of the Securities Exchange Act of 1934, which prohibits using a manipulative or deceptive device or contrivance in connection with the purchase or sale of any security.
Appellate Information
- Decided 05/21/2001
- Published 05/21/2001
Judges
Court
- United States Supreme Court