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United States Leading Case anti competitive agreementsprofessional negligence

Pinter v Dahl

486 U.S. 622 (1988)
JurisdictionUnited States
CourtUS Supreme Court
Year1988
StatusBinding authority

Summary

Under Securities Act s.12, liability attaches only to a statutory seller who solicits a purchase motivated by his own financial interest, rejecting the broader participant-seller concept.

Key Principle

Section 12 liability; participant seller concept; in pari delicto defence in securities cases; statutory seller must solicit purchase motivated by own financial interest

Area of Law

securities

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