Niss v. National Ass'n of Securities Dealers, Inc.

How courts have described this case

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

• holding section 15A of the Exchange Act “does not create a private right of action for a violation of the NASD’s statutory duties”
• holding plaintiffs breach of contract claim against NASD failed, because it was simply “an attempt to evade the doctrine that no private right of action exists against the NASD for failing to supervise its members adequately”
• holding plaintiff’s breach of contract claim against NASD failed, because it was simply “an attempt to evade the doctrine that no private right of action exists against the NASD for failing to supervise its members adequately”

Source: CourtListener parenthetical corpus (CC0).