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Ernst and Ernst v. Hochfelder (view source)
Revision as of 13:02, September 2, 2007
, 13:02, September 2, 2007New page: In ''Ernst & Ernst v. Hochfelder'', 425 U.S. 185 (1976), the U.S. Supreme Court held that to establish liability under the securities laws, § 10(b) and Rule 10b-5, a private [[pla...
In ''Ernst & Ernst v. Hochfelder'', 425 U.S. 185 (1976), the [[U.S. Supreme Court]] held that to establish liability under the [[securities]] laws, § 10(b) and Rule 10b-5, a private [[plaintiff]] must prove that the defendant acted with scienter, "a mental state embracing intent to deceive, manipulate, or defraud." ''Id.'' at 193-194, and n. 12.
Justices [[Harry Blackmun]] and [[William Brennan]] dissented.
[[Category:United States Supreme Court Cases]]
Justices [[Harry Blackmun]] and [[William Brennan]] dissented.
[[Category:United States Supreme Court Cases]]