Third Circuit· 6/12/1985
Angelastro v. Prudential-Bache Securities, Inc.
Citations
- 764 F.2d 939
- 54 U.S.L.W. 2007
How courts have described this case
Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.
- noting that customers maintain brokerage accounts “for the very purpose of trading in securities”
- noting that customers maintain brokerage accounts “for the very purpose of trading in securities”
- plaintiff must establish some causal connection between alleged misrepresentation and harm incurred when a security is purchased or sold
- there must be some causal connection between alleged fraud and purchase or sale of securities; injury suffered must result from the deceptive practices touching the purchase or sale of securities
- while Rule 10b-5 claims typically involve alleged misrepresentations regarding the merits of a particular security, the rule also encompasses misrepresentations beyond those implicating the investment value of a security; citing Bankers Life for proposition that § 10(b
Source: CourtListener parenthetical corpus (CC0).
Judges: Adams
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