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United States Leading Case anti competitive agreements

Stoneridge Investment Partners LLC v Scientific-Atlanta Inc

552 U.S. 148 (2008)
JurisdictionUnited States
CourtUS Supreme Court
Year2008
StatusBinding authority

Summary

Section 10(b) of the Securities Exchange Act does not extend private fraud liability to aiders and abettors; direct reliance on defendant's deceptive act or statement is required.

Key Principle

Section 10(b) does not create liability for aiders and abettors in private securities fraud actions; a defendant must make a deceptive statement or act relied upon by investors.

Area of Law

securities

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