Securities Investor Protection Corp. v. Vigman
Court of Appeals for the Ninth Circuit
1Opinion of the Court
DAVID R. THOMPSON, Circuit Judge:
The district court granted summary judgment in favor of defendant Holmes in this suit brought by the Securities Investor Protection Corporation (“the SIPC”) and trustees of defunct stock brokerage firms. The SIPC and the trustees sued to recover losses allegedly sustained as a result of a conspiracy to manipulate the prices of. stocks of publicly traded corporations. The district court concluded that the SIPC did not have standing to assert a claim under the Racketeer Influenced and Corrupt Organizations Act, 18 U.S.C. §§ 1961-68 (“RICO”), when that claim was…
2Cases cited22 opinions
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