Legal Opinion
Central Bank of Denver, N. A. v. First Interstate Bank of Denver, N. A.
Supreme Court of the United States
Decided April 19, 1994No. 92-854PublishedCited by 1,629 opinions
1Opinion of the CourtJustice Kennedy
As we have interpreted it, § 10(b) of the Securities Exchange Act of 1934 imposes private civil liability on those who commit a manipulative or deceptive act in connection with the purchase or sale of securities. In this case, we *167must answer a question reserved in two earlier decisions: whether private civil liability under § 10(b) extends as well to those who do not engage in the manipulative or deceptive practice, but who aid and abet the violation. See Herman & MacLean v. Huddleston, 459 U. S. 375, 379, n. 5 (1983); Ernst & Ernst v. Hochfelder, 425 U. S. 185, 191-192, n. 7 (1976).
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In 1986…
2Cases cited52 opinions
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3Cited by1,629 opinions
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