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Respondeat superior is a doctrine that a party is responsible for acts of his agents. For example, in the United States, there are circumstances when an employer is liable for acts of employees performed within the course of their employment. This rule is also called the master-servant rule, recognized in both common law and civil law jurisdictions.
The Private Securities Litigation Reform Act of 1995, Pub. L. 104–67 (text)(PDF), 109 Stat. 737 ("PSLRA") implemented several substantive changes in the United States that have affected certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation, and awards fees and expenses.
SEC Rule 10b-5, codified at 17 CFR 240.10b-5, is one of the most important rules targeting securities fraud in the United States. It was promulgated by the U.S. Securities and Exchange Commission (SEC), pursuant to its authority granted under § 10(b) of the Securities Exchange Act of 1934. The rule prohibits any act or omission resulting in fraud or deceit in connection with the purchase or sale of any security. The issue of insider trading is given further definition in SEC Rule 10b5-1.
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Lynn Andrea Stout was an American corporate law scholar. She was a Distinguished Professor of Corporate & Business Law at the Cornell Law School and, before that, the Paul Hastings Professor of Corporate and Securities Law at UCLA Law School. She specialized in researching, writing about, lecturing on, and teaching corporate law, securities and derivatives regulation, law and economics, business ethics, and prosocial behavior in relation to the law. She died on April 16, 2018, at the age of 60 following a long struggle with cancer.
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Donna M. Nagy is executive associate dean and C. Ben Dutton Professor of Law at the Indiana University Maurer School of Law in Bloomington, Indiana. Nagy is a 1986 graduate of Vassar College, where she was elected to Phi Beta Kappa. She earned her J.D. from New York University Law School in 1989. Nagy was articles editor of New York University Law Review and elected to the Order of the Coif.
SEC v. Texas Gulf Sulphur Co. is a case from the United States Court of Appeals for the Second Circuit which articulated standards for a number of aspects of insider trading law under Section 10(b) of the Securities Exchange Act and SEC Rule 10b-5. In particular, it set out standards for materiality of inside information, effective disclosure of such information, and what constitutes a "misleading" statement. Texas Gulf Sulphur represented the first time a federal court held that insider trading violated federal securities law and remained the leading case on insider trading for a decade. Over time, the U.S. Supreme Court embraced some of its holdings while rejecting others. The case continues to receive significant scholarly attention.
Jill E. Fisch is the Saul A. Fox Distinguished Professor of Business Law at the University of Pennsylvania Law School, and Co-Director of the Institute for Law & Economics in the Department of Legal Studies and Business Ethics at the Wharton School of the University of Pennsylvania.
Lorenzo v. Securities and Exchange Commission, 587 U.S. ___ (2019), was a United States Supreme Court case from the October 2018 term.
Michael J. Kaufman is an American legal scholar who is the Dean and a Professor of Law at Santa Clara University School of Law. He previously served as Dean of Loyola University Chicago School of Law, where he also held several administrative positions at Loyola University Chicago, including Acting Provost and Chief Academic Officer and Vice Provost for Academic Strategy. His research and teaching focuses on education law, equity, policy, and pedagogy; securities regulation and litigation; and civil procedure and dispute resolution.
References
- 1 2 3 4 5 "Robert Cotten Alston Chair in Corporate Law Emerita". University of Georgia School of Law. Retrieved November 28, 2024.
- ↑ "Professor Margaret V. Sachs". American Law Institute. Retrieved November 28, 2024.
- ↑ "Margaret V. Sachs retires" (PDF). University of Georgia School of Law. Retrieved November 30, 2024.
- ↑ The Relevance of Tort Law Doctrines to Rule 10b-5: Should Careless Plaintiffs be Denied Recovery?, 71 Cornell L. Rev. 96 (1985), reprinted in 1987 Sec. L. Rev. 113.
- ↑ Exclusive Federal Jurisdiction for Implied Rule 10b-5 Actions: The Emperor Has No Clothes, 49 Ohio St. L.J. 559 (1988).
- ↑ The International Reach of Rule 10b-5: The Myth of Congressional Silence, 28 Colum. J. Transnat'l L. 677 (1990).
- ↑ Are Local Governments Liable Under Rule 10b-5? Textualism and Its Limits, 70 Wash. U. L.Q. 19 (1992).
- ↑ Freedom of Contract: The Trojan Horse of Rule 10b-5, 51 Wash. & Lee L. Rev. 879 (1994), reprinted in 37 Corp. Prac. Commentator 103 (1995).
- ↑ Women in Corporate Law Teaching: A Tale of Two Generations, 65 Md. L. Rev. 666 (2006)
- ↑ Superstar Judges As Entrepreneurs: The Untold Story Of Fraud-On-The-Market, 48 U.C. Davis L. Rev. 1207 (2015).
- ↑ Unintended Consequences: The Link between Judge Friendly's Texas Gulf Sulphur Concurrence and Recent Supreme Court Decisions Misconstruing Rule 10b-5 , 71 SMU L. Rev. 947 (2018).
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