2011 United States Supreme Court case
Janus Capital Group, Inc. v. First Derivative Traders |
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Full case name | Janus Capital Group, Inc., et al. v. First Derivative Traders |
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Docket no. | 09-525 |
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Citations | 564 U.S. 135 (more) |
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Argument | Oral argument |
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Prior | Dismissed sub nom. In re Mutual Funds Inv. Litigation, 487 F. Supp. 2d 618 (D. Md. 2007); reversed, 566 F.3d 111 (3d Cir. 2009); cert. granted, 561 U.S. 1024 (2010). |
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A service provider cannot be held liable in a private action under SEC Rule 10b-5. |
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- Chief Justice
- John Roberts
- Associate Justices
- Antonin Scalia · Anthony Kennedy
Clarence Thomas · Ruth Bader Ginsburg Stephen Breyer · Samuel Alito Sonia Sotomayor · Elena Kagan
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Majority | Thomas, joined by Roberts, Scalia, Kennedy, Alito |
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Dissent | Breyer, joined by Ginsburg, Sotomayor, Kagan |
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Janus Capital Group, Inc. v. First Derivative Traders, 564 U.S. 135 (2011), was a case before the Supreme Court of the United States in which the Court held that a service provider cannot be held liable in a private action under SEC Rule 10b-5.[1]
References
- ^ Janus Capital Group v. First Derivative Traders United States Supreme Court, Syllabus p. 1,
"Held: Because the false statements included in the prospectuses were
made by Janus Investment Fund, not by JCM, JCM and JCG cannot
be held liable in a private action under Rule 10b–5."
External links