Legal Opinion
Walck v. American Stock Exchange, Inc.
Court of Appeals for the Third Circuit
Decided September 1, 1982No. Nos. 82-1051, 82-1052PublishedCited by 56 opinions
1Opinion of the Court
OPINION OF THE COURT
ALDISERT, Circuit Judge.
The plaintiff appeals from a judgment on the pleadings in favor of the defendants, the New York Stock Exchange and the American Stock Exchange, in an action under federal securities law. The major questions presented are whether §§ 6 and 7 of the Securities Exchange Act of 1934 implicitly authorize private civil actions for damages against a registered stock exchange based on failure to enforce its own rules and federal margin requirements. We also must consider claims brought under §§ 9 and 10 of the Exchange Act, SEC Rule 10b-5, rules promulgated…
2Cases cited38 opinions
- Cort v. AshSupreme Court of the United States · 1975
- Cannon v. University of ChicagoSupreme Court of the United States · 1979
- Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
- American Pipe & Construction Co. v. UtahSupreme Court of the United States · 1974
- Touche Ross & Co. v. RedingtonSupreme Court of the United States · 1979
33 more not listed; retrieve them via the Exa API.
3Cited by56 opinions
- Ryder Energy Distribution Corporation v. Merrill Lynch Commodities Inc., E.F. Hutton & Co., Inc., and New York Mercantile ExchangeCourt of Appeals for the Second Circuit · 1984
- Jose Rolo v. City Investing Company Liquidating TrustCourt of Appeals for the First Circuit · 1998
- Edelstein v. WilentzCourt of Appeals for the Third Circuit · 1987
- Kimmel v. PetersonDistrict Court, E.D. Pennsylvania · 1983
- Nasdaq Omx Phlx, Inc. v. Pennmont SecuritiesSuperior Court of Pennsylvania · 2012
51 more not listed; retrieve them via the Exa API.