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United States Leading Case uncategorised

Affiliated Ute Citizens v United States

406 U.S. 128 (1972)
JurisdictionUnited States
CourtUS Supreme Court
Year1972
StatusBinding authority

Summary

Under Rule 10b-5, where a claim is primarily based on omissions of material fact, positive proof of reliance by plaintiffs is not required.

Key Principle

10b-5; where claim is primarily based on omissions, positive proof of reliance not required; obligation to disclose material facts

Area of Law

securities

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