Securities & Exchange Commission v. Morgan Keegan & Co.

How courts have described this case

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

• holding that “adequate written disclosures” provided after a false statement did not render the false statement immaterial because the disclosure was “given to customers only upon a customer’s request”
• noting that in a private enforcement action under Section 10(b) or Rule 10b-5, a plaintiff must show “justifiable reliance” on the material misstatement or omission
• describing the elements the SEC must prove to establish securities fraud violations, which include “the purchase or sale of a security” and “the offer or sale of a security”

Source: CourtListener parenthetical corpus (CC0).