Securities
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Authors
Clanton, Geraldine L.
Issue Date
1982
Volume
15
Issue
Type
Journal Article
Language
Keywords
Alternative Title
Abstract
FIRST PARAGRAPH(S)|The Eighth Circuit decided two cases of special importance to attorneys during the survey period. In Stokes v. Lokken, the Eighth Circuit held that an attorney could not be held liable as an aider and abettor of violations of section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 or section 5 of the Securities Act of 1933 for incorrectly advising a corporation that certain transactions engaged in by the corporation did not involve sales of securities. Since the aiding and abetting doctrine has been increasingly used as a weapon in the plaintiff's arsenal in securities causes of action, the first section of this article will consider, developments in that doctrine. Ethical considerations that should be taken into account by attorneys who issue securities opinion letters will also be discussed...
Description
Citation
15 Creighton L. Rev. 1027 (1981-1982)
Publisher
Creighton University School of Law