In Re Atlantic Financial Management, Inc. Securities Litigation

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• concluding that the Securities Exchange Act allows for vicarious liability because of its broad statutory language and legislative purpose
• describing Fey as a case in which the Seventh Circuit \held that section 20(a) does not constitute an exclusive substitute for vicarious liability that might otherwise exist\
• noting in the context of interpreting a securities statute that “imposing [apparent authority] ... liability will encourage corporate officials to prevent unauthorized (but ‘apparently authorized’) misrepresentations, thereby helping to achieve an important ... purpose [of the statute]”
• discussing at length additional two theories of agency
• discussing at length additional two theories of agency

Source: CourtListener parenthetical corpus (CC0).