Legal Opinion
Sparta Surgical Corp. v. National Ass'n of Securities Dealers, Inc.
Court of Appeals for the Ninth Circuit
Decided November 6, 1998No. 97-15394PublishedCited by 133 opinions
1Opinion of the Court
THOMAS, Circuit Judge:
In this appeal we consider what civil remedies are available against a national securities exchange for temporarily de-listing and suspending trading in a stock on the opening day of a public offering. We agree with the district court that defendants are entitled to regulatory immunity, and affirm dismissal of the action.
I
The National Association of Securities Dealers (“NASD”) is a non-profit, self-regulatory organization registered pursuant to the Maloney Act amendments to the Securities Exchange Act of 1934 (“Exchange Act”). 15 U.S.C. § 78a et seq.; see also National…
2Cases cited17 opinions
- Caterpillar Inc. v. WilliamsSupreme Court of the United States · 1987
- Merrell Dow Pharmaceuticals Inc. v. Thompson Ex Rel. ThompsonSupreme Court of the United States · 1986
- Lexecon Inc. v. Milberg Weiss Bershad Hynes & LerachSupreme Court of the United States · 1998
- Matsushita Electric Industrial Co. v. EpsteinSupreme Court of the United States · 1996
- Regina (Rega) Jablon v. Dean Witter & Co., and Sydney TurnerCourt of Appeals for the Ninth Circuit · 1980
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3Cited by133 opinions
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- Provincial Gov't of Marinduque v. Placer Dome, Inc.Court of Appeals for the Ninth Circuit · 2009
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- John R. D'alessio, D'Alessio Securities, Inc. v. New York Stock Exchange, Inc., Richard A. Grasso, Edward A. Kwalwasser, and Robert J. McSweeneyCourt of Appeals for the Second Circuit · 2001
- Williston Basin Interstate Pipeline Co. v. an Exclusive Gas Storage Leasehold & Easement in the Cloverly Subterranean Geological FormationCourt of Appeals for the Ninth Circuit · 2008
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