Legal Opinion
Mount Clemens Industries, Inc. v. Bell
Court of Appeals for the Ninth Circuit
Decided June 28, 1972No. 71-1318PublishedCited by 39 opinions
1Opinion of the Court
ELY, Circuit Judge:
This appeal presents, for the first time in our court, the issue of whether there is a requirement in a private action for damages under Section 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78Kb),1 and Securities and Exchange Commission Rule 10b-5, 17 C.F.R. § 240.10b-5,2 that the plaintiff be a purchaser or seller of the securities with respect to which he claims that actionable fraud has occurred.
The appellants, Mount Clemens Industries [MCI] and Mount Clemens Corporation, sought recovery of money damages in the District Court, claiming that they were…
2Cases cited31 opinions
- Conley v. GibsonSupreme Court of the United States · 1957
- Superintendent of Insurance of New York v. Bankers Life & Casualty Co.Supreme Court of the United States · 1971
- Tcherepnin v. KnightSupreme Court of the United States · 1967
- Securities & Exchange Commission v. Capital Gains Research Bureau, Inc.Supreme Court of the United States · 1963
- Birnbaum v. Newport Steel Corp.Court of Appeals for the Second Circuit · 1952
26 more not listed; retrieve them via the Exa API.
3Cited by39 opinions
- Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
- Landry v. Federal Deposit Insurance CorporationCourt of Appeals for the Third Circuit · 1973
- Fed. Sec. L. Rep. P 93,947 Dean Walling v. Beverly Enterprises, a California CorporationCourt of Appeals for the Ninth Circuit · 1973
- In Re Multidistrict Vehicle Air Pollution M.D.L. No. 31. State of California v. Automobile Manufacturers Association, Inc., Robert Morgan v. Automobile Manufacturers Association, Inc., City of Philadelphia v. Automobile Manufacturers Association, Inc., State of New York v. Automobile Manufacturers Association, Inc., City of New York v. Automobile Manufacturers Association, Inc., City and County of Denver v. American Motors CorporationCourt of Appeals for the Ninth Circuit · 1973
- In Re Warner Communications Securities LitigationDistrict Court, S.D. New York · 1985
34 more not listed; retrieve them via the Exa API.