Legal Opinion
Costa Brava Partnership III LP v. Chinacast Education Corp.
Court of Appeals for the Ninth Circuit
Decided October 23, 2015No. 12-57232PublishedCited by 38 opinions
1Opinion of the Court
OPINION
MeKEOWN, Circuit Judge:
Under Rule 10b-5 of the Securities Exchange Act of 1934, “it is unlawful for ‘any person, directly or indirectly, ... [t]o make any untrue statement of a material fact’ in connection with the purchase or sale of securities.” Janus Capital Grp., Inc. v. First Derivative Traders, 564 U.S. 135, 131 S.Ct. 2296, 2301, 180 L.Ed.2d 166 (2011) (alteration in original) (quoting 17 CFR § 240.10b-5(b)). Both parties agree such deception occurred in this case: Chi-naCast founder and CEO Ron Chan embezzled millions from his corporation and misled investors through omissions…
2Cases cited31 opinions
- Tellabs, Inc. v. Makor Issues & Rights, Ltd.Supreme Court of the United States · 2007
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Dura Pharmaceuticals, Inc. v. BroudoSupreme Court of the United States · 2005
- Central Bank of Denver, N. A. v. First Interstate Bank of Denver, N. A.Supreme Court of the United States · 1994
- Daniels-Hall v. National Education Ass'nCourt of Appeals for the Ninth Circuit · 2010
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3Cited by38 opinions
- State of Rhode Island v. Alphabet, Inc.Court of Appeals for the Ninth Circuit · 2021
- Daniela Prodanova v. H.C. Wainwright & Co.Court of Appeals for the Ninth Circuit · 2021
- Amalgamated Bank v. Facebook, Inc.Court of Appeals for the Ninth Circuit · 2023
- Carmack v. Amaya Inc.District Court, D. New Jersey · 2017
- In Re Shanda Games Ltd. SEC. Litig.Court of Appeals for the Second Circuit · 2025
33 more not listed; retrieve them via the Exa API.