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United States Leading Case competition and regulation

Santa Fe Industries Inc v Green

430 U.S. 462 (1977)
JurisdictionUnited States
CourtUS Supreme Court
Year1977
StatusBinding authority

Summary

Section 10(b) of the Securities Exchange Act requires deception or manipulation; mere unfairness or breach of fiduciary duty without deception is not actionable under federal securities law.

Key Principle

Section 10(b) requires deception or manipulation; mere unfairness or breach of fiduciary duty without deception is not actionable under federal securities law.

Area of Law

securities

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