Janus Capital Group, Inc. v. First Derivative Traders explained

Litigants:Janus Capital Group, Inc. v. First Derivative Traders
Arguedate:December 7
Argueyear:2010
Decidedate:June 13
Decideyear:2011
Fullname:Janus Capital Group, Inc., et al. v. First Derivative Traders
Docket:09-525
Oralargument:https://www.oyez.org/cases/2010-2019/2010/2010_09_525/argument
Usvol:564
Uspage:135
Parallelcitations:131 S. Ct. 2296; 180 L. Ed. 2d 166
Prior: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); cert. granted, .
Holding:A service provider cannot be held liable in a private action under SEC Rule 10b-5.
Majority:Thomas
Joinmajority:Roberts, Scalia, Kennedy, Alito
Dissent:Breyer
Joindissent:Ginsburg, Sotomayor, Kagan
Italic Title:force

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]

Notes and References

  1. https://www.supremecourt.gov/opinions/10pdf/09-525.pdf Janus Capital Group v. First Derivative Traders