Opinion · Supreme Court of the United States
Peat, Marwick, Mitchell & Co. v. Lipton
469 U.S. 1132
- Type
- Opinion
- Court
- Supreme Court of the United States
- Jurisdiction
- Federal
- Date
- 1985-01-07
- Topic
- general
How later courts describe this case
- adopting fraud-on-the-market theory in context of securities traded in open market
- fraud on market finds greatest justification when applied to class actions alleging fraud affecting security prices on developed open market
- adopting Blackie fraud on the secondary market theory
Citator
UpLaw has not yet analyzed Peat, Marwick, Mitchell & Co. v. Lipton. The absence of a flag is not a finding that it is good law.
- Cited by
- 45 opinions
C. A. 11th Cir. Certiorari denied. Justice Brennan would grant certiorari. Reported below: 734 F. 2d 740.