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TITLE [Violation of the Securities and Exchange Act] Supreme Court Decision 2008Do9623 Decided November 26, 2009 [full Text]
Summary
[1] The meaning of ""information which may have a significant effect on investors' judgment on investment"" under Article 188-2 (2) of the former Securities and Exchange Act which prohibits acts of using undisclosed information and the time when such information comes into existence [2] The case holding that the information that a certain company is reviewing ""treasury stock acquisition with the profits to be distributed to the shareholders"" to increase the price of its stock constitutes ""undisclosed material information"" under Article 188-2 (1) of the former Securities and Exchange Act
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