Corporations - Securities Exchange Act of 1934 - Rule 10b-5 - Fraud

Authors

Robert G. Devlin

Abstract

The Supreme Court of the United States has held that a cause of action under rule 10b-5 must be based on conduct that could be considered manipulative or deceptive; breach of fiduciary duty without deceit is not fraud under the rule.

Santa Fe Industries, Inc. v. Green, 430 U.S. 462 (1977).

First Page

109

Recommended Citation

Robert G. Devlin, Corporations - Securities Exchange Act of 1934 - Rule 10b-5 - Fraud, 16 Duq. L. Rev. 109 (1977).
Available at: https://dsc.duq.edu/dlr/vol16/iss1/11