Trachtman v. Anker

How later courts describe this case

• finding no reliance where plaintiff was contractually obligated to sell stock
• “directors generally do not occupy a fiduciary position with respect to stockholders in face to face dealings.”
• distribution of sex questionnaire in school newspaper properly prevented due to possible harm to students
• fraud too remote from securities transaction where stock was sold to corporation pursuant to a longstanding agreement and plaintiff had not been fraudulently induced to enter into the agreement
• “Causation has been most often analyzed in terms of the Rule 10b-5 elements of materiality and reliance"
• restrictive bond not considered custody, though it limited travel, required defendant to obey all laws and court orders, and keep his attorney notified of his ad dress
• school officials bear the burden of demonstrating a reasonable interference with student speech
• The “defendant was afforded a speedy trial; his conviction was vacated ... and he was retried____ These facts do not amount to a denial of his Sixth Amendment rights.”