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S.E.C. v. Tambone, No. 07-1384 (1st Cir.) (597 F.3d 436) (March 10, 2010) (Judge Bruce M. Selya)

Loaded on Feb. 1, 2009 published in Punch and Jurists March 22, 2010
Filed under: Punch And Jurists, Primary Liability.

In this case, the First Circuit, sitting en banc, rejected the SEC’s “expansive interpretation” of Rule 10(b)(5) (codified at 17 C.F.R. § 240.10b-5(b)) and held that one may not be held liable for statements contained in a prospectus as a primary violator based upon an “implied representation” theory.

That ruling ...

 

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More from this issue:

  1. U.S. v. Reeves, No. 08-2966-cr (L) (2nd Cir.) (591 F.3d 77) (January 7, 2010) (Judge Barrington D. Jr. Parker)
  2. U.S. v. Mendoza-Mendoza, No. 08-5007 (4th Cir.) (597 F.3d 212) (March 5, 2010) (Judge J. Harvie III Wilkinson)
  3. U.S. v. $186,416.00 in U.S. Currency, No. 07-56549 (9th Cir.) (590 F.3d 942) (January 7, 2010) (Judge Richard R. Clifton)
  4. Bloate v. U.S., No. 08-728 (U.S. Supreme Court) (559 U.S. 196; 130 S.Ct. 1345) (March 8, 2010) (Justice Thomas)
  5. Miller v. Mitchell, No. 09-2144 (3rd Cir.) (598 F.3d 139) (March 17, 2010) (Judge Thomas L. Ambro)
  6. Al-Kidd v. Ashcroft, No. 06-36059 (9th Cir.) (598 F.3d 1129) (March 18, 2010) (Per Curiam)
  7. Vance v. Rumsfeld, No. 06 C 6964 (N.D.Ill.) (694 F.Supp.2d 957) (March 5, 2010) (Judge Wayne R. Anderson)
  8. U.S. v. Guzman, No. 08-5561-cr (2nd Cir.) (591 F.3d 83) (January 7, 2010) (Judge Richard C. Wesley)
  9. Miller v. Skumanick, No. 3:09cv540 (M.D.Pa.) (605 F.Supp.2d 634) (March 20, 2009) (Judge James M Munley)
  10. S.E.C. v. Tambone, No. 07-1384 (1st Cir.) (597 F.3d 436) (March 10, 2010) (Judge Bruce M. Selya)

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