Teamsters Local 282 Pension Trust Fund v. Anthony G. Angelos

How courts have described this case

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

• noting that a § 17(a) claim has similar elements to a Rule 10b-5 claim and “adds nothing to plaintiffs arsenal” and § 17(a) claims “should proceed as if only a Rule 10b-5 claim had been raised”
• considering securities-issuer's duty to disclose in context of Section 10(b) of the Securities Exchange Act of 1934
• ”[j]ustifiable reliance is ... a limitation on a rule 10b-5 action which insures that there is a causal connection between misrepresentation and the plaintiff’s harm”
• “Liability [for securities fraud] follows from willful material misstatements or omissions plus causation, not from ‘justifiable reliance’ in the common sense of that term.”
• ‘‘If the investor already possesses information sufficient to call the representation into question, he cannot claim later that he relied upon or was deceived by the lie.”
• summarizing three circumstances in which “even lies are not actionable”

Source: CourtListener parenthetical corpus (CC0).