Legal Opinion

Touche Ross & Co. v. Redington

Supreme Court of the United States

Decided June 18, 1979No. 78-309PublishedCited by 1,874 opinions

1Opinion of the CourtJustice Retinquist

Once again, we are called upon to decide whether a private remedy is implicit in a statute not expressly providing one. During this Term alone, we have been asked to undertake this task no fewer than five times in cases in which we have granted certiorari.1 Here we decide whether customers of securities brokerage firms that are required to file certain financial reports with regulatory authorities by § 17 (a) of the Securities Exchange Act of 1934 (1934 Act), 48 Stat. 897, as amended, 15 U. S. C. § 78q (a), have an implied cause of action for damages under § 17 (a) against accountants who…

2Cases cited25 opinions

  1. Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
  2. Cort v. AshSupreme Court of the United States · 1975
  3. Cannon v. University of ChicagoSupreme Court of the United States · 1979
  4. Johnson v. Railway Express Agency, Inc.Supreme Court of the United States · 1975
  5. Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975

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3Cited by1,874 opinions

  1. Ziglar v. AbbasiSupreme Court of the United States · 2017
  2. Gonzaga University v. DoeSupreme Court of the United States · 2002
  3. Alexander v. SandovalSupreme Court of the United States · 2001
  4. Merrell Dow Pharmaceuticals Inc. v. Thompson Ex Rel. ThompsonSupreme Court of the United States · 1986
  5. Massachusetts Mutual Life Insurance v. RussellSupreme Court of the United States · 1985

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