Janus Capital Group, Inc. v. First Derivative Traders

Janus Capital Group, Inc. v. First Derivative Traders

Argued December 7, 2010
Decided June 13, 2011
Full case name Janus Capital Group, Inc., et al. v. First Derivative Traders
Docket nos. 09-525
Citations

564 U.S. 135 (more)

Argument Oral argument
Prior history Dismissed sub nom. In re Mutual Funds Inv. Litigation, 487 F.Supp.2d 618 (D. Md. 2007); reversed, 566 F.3d 111 (3d Cir. 2009); certiorari granted, 561 U.S. 1024 (2010)
Holding
A service provider cannot be held liable in a private action under SEC Rule 10b-5.
Court membership
Chief Justice
John G. Roberts
Case opinions
Majority Thomas, joined by Roberts, Scalia, Kennedy, Alito
Dissent Breyer, joined by Ginsburg, Sotomayor, Kagan

Janus Capital Group, Inc. v. First Derivative Traders, 564 U.S. 135 (2011), was a case before the Supreme Court of the United States in which the Court held that a service provider cannot be held liable in a private action under SEC Rule 10b-5.[1]

References

  1. ↑ Janus Capital Group v. First Derivative Traders United States Supreme Court, Syllabus p. 1, "Held: Because the false statements included in the prospectuses were made by Janus Investment Fund, not by JCM, JCM and JCG cannot be held liable in a private action under Rule 10b–5."

External links


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