Legal Opinion
Bateman Eichler, Hill Richards, Inc. v. Berner
Supreme Court of the United States
Decided June 11, 1985No. 84-679PublishedCited by 314 opinions
1Opinion of the CourtJustice Brennan
The question presented by this ease is whether the common-law in pari delicto defense bars a private damages action under the federal securities laws against corporate insiders and broker-dealers who fraudulently induce investors to purchase securities by misrepresenting that they are conveying material nonpublic information about the issuer.
I
The respondent investors filed this action in the United States District Court for the Northern District of California, alleging that they incurred substantial trading losses as a result of a conspiracy between Charles Lazzaro, a registered securities…
2Cases cited24 opinions
- Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
- Herman & MacLean v. HuddlestonSupreme Court of the United States · 1983
- J. I. Case Co. v. BorakSupreme Court of the United States · 1964
- Superintendent of Insurance of New York v. Bankers Life & Casualty Co.Supreme Court of the United States · 1971
- Perma Life Mufflers, Inc. v. International Parts Corp.Supreme Court of the United States · 1968
19 more not listed; retrieve them via the Exa API.
3Cited by314 opinions
- Central Bank of Denver, N. A. v. First Interstate Bank of Denver, N. A.Supreme Court of the United States · 1994
- Pinter v. DahlSupreme Court of the United States · 1988
- Randall v. LoftsgaardenSupreme Court of the United States · 1986
- Joan C. Howard v. Everex Systems, Inc., Steven L.W. Hui Michael C.Y. Wong Wong's International (Holdings) Limited Gatcombe Corp. N.V.Court of Appeals for the Ninth Circuit · 2000
- Official Committee Of The Unsecured Creditors Of Color Tile, Inc. v. Coopers & Lybrand, LlpCourt of Appeals for the Second Circuit · 2003
309 more not listed; retrieve them via the Exa API.