Weissman v. National Ass'n of Securities Dealers, Inc.
Court of Appeals for the Eleventh Circuit
1Opinion of the Court
BARKETT, Circuit Judge:
The National Association of Securities Dealers, Inc. and its subsidiary, the NASDAQ Stock Market, Inc. (collectively “NASDAQ”), appeal the denial of their Rule 12(b)(6) motion to dismiss Steven Weissman’s complaint. Weissman sought to recover losses suffered following the purchase of WorldCom, Inc. (“WorldCom”) stock, which Weissman allegedly purchased in reliance on NASDAQ’s misrepresentations in advertisements touting the stock. NASDAQ moved to dismiss, asserting absolute immunity from suit on the grounds that the conduct alleged in the complaint was undertaken…
2Cases cited13 opinions
- Butz v. EconomouSupreme Court of the United States · 1978
- Buckley v. FitzsimmonsSupreme Court of the United States · 1993
- Forrester v. WhiteSupreme Court of the United States · 1988
- Owen v. City of IndependenceSupreme Court of the United States · 1980
- Bogan v. Scott-HarrisSupreme Court of the United States · 1998
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