Campbell v National Media Corp Executive Vice President and Corporate Secretary sue employer for fraud in the inducement to purchase stock options during hostile takeover attempt. Court held company violated SEC Act Rule 10b-5 and grant of stock of stock options in employment agreement was considered a purchase of securities.
Rudinger v Insurance Data Processing Inc Former COO sued company for failure to pay stock options pursuant to "offer to purchase" contained in employment agreement, pursuant to SEC Act Rule 10b-5. Court held in favor of executive because company committed fraud in the offering.