Search for: "Blue Chip Stamps v. Manor Drug Stores" Results 1 - 7 of 7
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27 Jul 2013, 3:40 pm by Stephen Bilkis
Sometime in 1970, Congress enacted the Securities Investor Protection Act (SIPA), as amended, which authorized the formation of respondent corporation, a private nonprofit corporation, of which most broker-dealers registered under § 15(b) of the Securities Exchange Act of 1934, § 78o(b), are required to be members. [read post]
23 Apr 2018, 1:20 am by Kevin LaCroix
Manor Drug Stores that Section 10(b) contains an implied right of action.[7] But the Court repeatedly declined to expand the scope of the implied private right of action – which it described as “a judicial oak which has grown from little more than a legislative acorn” – largely due to policy concerns related to the danger that Rule 10b-5 will be used as a vehicle for particularly vexatious litigation.[8] Throughout its securities jurisprudence, the… [read post]