Janus Capital Group, Inc. v. First Derivative Traders
Encyclopedia
Janus Capital Group, Inc. v. First Derivative Traders, No. 09-525
(2011), was a recent case in which the Supreme Court of the United States
held that a service provider cannot be held liable in a private action under SEC Rule 10b-5
.
Case citation
Case citation is the system used in many countries to identify the decisions in past court cases, either in special series of books called reporters or law reports, or in a 'neutral' form which will identify a decision wherever it was reported...
(2011), was a recent case in which the Supreme Court of the United States
Supreme Court of the United States
The Supreme Court of the United States is the highest court in the United States. It has ultimate appellate jurisdiction over all state and federal courts, and original jurisdiction over a small range of cases...
held that a service provider cannot be held liable in a private action under SEC Rule 10b-5
SEC Rule 10b-5
SEC Rule 10b-5, codified at 17 C.F.R. § 240.10b-5, is one of the most important rules promulgated by the U.S. Securities and Exchange Commission, pursuant to its authority granted under § 10 of the Securities Exchange Act of 1934...
.