Quotes · Quote card

Quotation from SEC v. Edwards by Supreme Court of the United States

“So it did for the 10,000 people who invested a total of $300 million in the payphone sale-and-leaseback arrangements touted by respondent under that slogan.”

Supreme Court of the United States

SEC v. Edwards, Opinion of the Court (Justice O'Connor), Part I (U.S. Reports text (Legal Information Institute))

Portrait of Supreme Court of the United States

Justice O'Connor follows the ETS slogan about opportunity ringing with the observation that sometimes it hangs up.

Citation: "So it did for the 10,000 people who invested a total of $300 million in the payphone sale-and-leaseback arrangements touted by respondent under that slogan." — Supreme Court of the United States, SEC v. Edwards, Opinion of the Court (Justice O'Connor), Part I (U.S. Reports text (Legal Information Institute)). (id sec-v-edwards-q1)

Portrait: Sandra Day O'Connor crop, Library of Congress (Transferred by Sven Manguard,, Public domain.

Download card (PNG)

Quote card: So it did for the 10,000 people who invested a total of $300 million in the payp