Crespo v. United States

How later courts describe this case

• holding that decline in stock value is an index of materiality
• explaining SEC v. Texas Gulf Sulphur Co., 401 F.2d 833 (2d Cir.1968) (en banc), cert. denied sub nom., Kline v. SEC, 394 U.S. 976, 89 S.Ct. 1454, 22 L.Ed.2d 756 (1969)
• parent corporation’s ability to control timing of sale of subsidiary important to section 11 disclosure
• courts take judicial notice that for narcotics traffickers, possession of firearms is as common as possession of drug paraphernalia
• “A federal court in a federal question case is not implementing any state’s policy; it exercises the power of the United States.”
• Santana was not applied to a warrantless in-home arrest based on exigent circumstances because “there was technically no flight from a public to private place so as to bring Santana into play”
• nationwide service of process authorized under RICO