Section 10 of the Exchange Act

Northern District of Illinois Applies Morrison v. National Australia Bank Ltd. in Ruling Against SEC

The Northern District of Illinois recently handed down a decision that further interpreted the contours of the Supreme Court’s 2010 decision in Morrison v. National Australia Bank Ltd., which held that Section 10(b) of the...more

District Court Finds that Securities Exchange Act Covers Stock "Float" Manipulation

In a self-described “precedent-setting” order, the US District Court for the Eastern District of Pennsylvania recently found that the Securities Exchange Act of 1934 (Exchange Act) can apply to a scheme aimed at gaining...more