Because litigation under Rule 10b-5 presents a special danger of vexatiousness standing for private plaintiffs is limited to purchasers and sellers in the transaction giving rise to the claim.

Contributed in 2008 & last edited in 2008 by David Gold
You've come to a rule . Check out the authorities below. When you find one you like, add it to your SpinDoc. more...
Please sign in or sign up to see the authorities.
Contribution Suggestions
complete authority for rule...
For purposes of satisfying the scienter element in a claim brought under Rule 10b-5, recklessness means an extreme departure from the standards of...
vouch for authority for rule...
In a civil enforcement action brought by the United States, a defendant may be held liable for aiding and abetting a violation of Rule 10b-5.
complete authority for rule...
Conclusory allegations that a speaker's stated opinion conflicted with the speaker's hidden belief will not satisfy the pleading requirements for...