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Quotation from United States v. O'Hagan by Supreme Court of the United States
“it makes scant sense to hold a lawyer like O'Hagan a §10(b) violator if he works for a law firm representing the target of a tender offer, but not if he works for a law firm representing the bidder.”
United States v. O'Hagan, Opinion of the Court (Justice Ginsburg), Part II-B (U.S. Reports text (Legal Information Institute))
Justice Ginsburg points out the arbitrary line that rejecting the misappropriation theory would draw.
Citation: "it makes scant sense to hold a lawyer like O'Hagan a §10(b) violator if he works for a law firm representing the target of a tender offer, but not if he works for a law firm representing the bidder." — Supreme Court of the United States, United States v. O'Hagan, Opinion of the Court (Justice Ginsburg), Part II-B (U.S. Reports text (Legal Information Institute)). (id united-states-v-ohagan-q5)
Portrait: Ruth Bader Ginsburg official SCOTUS portrait (cropped), Steve Petteway, Collection of the Supreme Court of the United States, Public domain.
