Supreme Court Report

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Kevin Lampkin, et al. v. UBS Financial Services, Incorporated, fka UBS Painewebber, Incorporated, et al.

Paid petition · United States Court of Appeals for the Fifth Circuit, No. 17-20608 · judgment May 24, 2019

Certiorari denied · October 15, 2019
Pre-decision estimate: 4% cert probability

Before the decision, roughly the 4.1% base rate. The model weighted this up for a Fifth Circuit decision below, a circuit split argued in the petition, and a petition filed soon after the judgment below, and down for a business respondent.

Question presented

Is the grant of an employee stock option a “sale” of a security under the Securities Act of 1933?

Counsel of record

For petitioner
David Lee Augustus
The Spencer Law Firm

For respondent
Robert J. Giuffra Jr.
Sullivan & Cromwell

Case

Conference history
Distributed for 1 conference

Proceedings

  1. Oct 15 2019
    Petition DENIED.
  2. Sep 25 2019
    DISTRIBUTED for Conference of 10/11/2019.
  3. Sep 17 2019
    Waiver of right of respondents UBS Financial Services Inc., et al. to respond filed.
  4. Aug 22 2019
    Petition for a writ of certiorari filed. (Response due September 25, 2019)