Recently by Matan A. Koch
Securities & Exchange Commission (SEC)
Supreme Court Adopts Bright-Line Rule For Primary Liability Under Rule 10b-5
Over 15 years ago, in Central Bank of Denver, N.A. v. First Interstate Bank of Denver, N.A. , 511 U.S. 164 (1994), the Supreme Court held that Section 10(b) of the Securities Exchange Act and SEC Rule 10b-5 do not permit private civil plaintiffs to recover on an aiding and abetting theory....
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