Continental Baking Co. v. Old Homestead Bread Co.

How later courts describe this case

• finding the district court did not abuse its discretion in denying prejudgment interest in a federal securities case
• director’s violation of SEC Rule 10b-5 not protected by business judgment rule so as not to “emasculate the policies of the federal securities laws”
• allegation that corporation purchased securities for inadequate consideration
• securities claim under Rule 10b-5
• questions and interrogatories cure ambiguous verdict