Pacific Investment Management Co. v. Mayer Brown LLP (2010) Overview | LSData Case Brief Video Summa

Описание: The case is about a law firm and a former partner allegedly violating federal securities laws while representing a brokerage firm. The defendants were accused of facilitating fraudulent transactions and including false information in the security offering documents. The court analyzed whether the defendants could be held liable for the false statements they allegedly drafted which were not attributed to them upon dissemination. The court concluded that attribution is required for secondary actors to be liable in a private damages action for securities fraud under Rule 10b-5. The relevant fact is that the plaintiffs failed to state a claim for primary liability against the defendants.

Pacific Investment Management Co. v. Mayer Brown LLP (2010)
United States Court of Appeals for the Second Circuit
603 F.3d 144

Learn more about this case at https://www.lsd.law/briefs/view/pacif...

---

Law School Data has over 50,000 case briefs and a one-of-a-kind brief tool to instantly brief millions of US cases with just the name or case cite.

Check out all of our case briefs: https://www.lsd.law/briefs

Briefs come with built in LSDefine and DeepDive, which allow you to read as quickly or as deeply as you want. Each brief has a built in legal dictionary and recursive summaries that go into more and more detail, until you eventually hit the original case text.

Subscribe for new videos every week: https://www.youtube.com/@LSData?sub_c...