Tag: Primary liability

The distinction between primary and secondary liability has been repeatedly litigated in securities damage cases, and to a lesser extent in SEC enforcement actions, since the Supreme Court handed down its decision in Central Bank of Denver v. First Interstate …

JANUS, PRIMARY LIABILITY AND SCHEME LIABILITY Read More »

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Primary liability in a Section 10(b)-5(b) false statement case was defined by the Supreme Court in terms of control and authority over the statement in Janus capital Group, Inc. v. First derivative Traders, 131 S.Ct. 2296 (2011). Closely parsing the …

PRIMARY LIABILITY UNDER RULE 10b-5 Read More »

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