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Janus Capital Group, Inc. v. First Derivative Traders

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Janus Capital Group, Inc. v. First Derivative Traders
Argued December 7, 2010
Decided June 13, 2011
Full case nameJanus Capital Group, Inc., et al. v. First Derivative Traders
Docket no.09-525
Citations564 U.S. 135 (more)
131 S. Ct. 2296; 180 L. Ed. 2d 166
ArgumentOral argument
Case history
PriorDismissed sub nom. In re Mutual Funds Inv. Litigation, 487 F. Supp. 2d 618 (D. Md. 2007); reversed, 566 F.3d 111 (3d Cir. 2009); cert. granted, 561 U.S. 1024 (2010).
Holding
A service provider cannot be held liable in a private action under SEC Rule 10b-5.
Court membership
Chief Justice
John Roberts
Associate Justices
Antonin Scalia · Anthony Kennedy
Clarence Thomas · Ruth Bader Ginsburg
Stephen Breyer · Samuel Alito
Sonia Sotomayor · Elena Kagan
Case opinions
MajorityThomas, joined by Roberts, Scalia, Kennedy, Alito
DissentBreyer, joined by Ginsburg, Sotomayor, Kagan

Janus Capital Group, Inc. v. First Derivative Traders, 564 U.S. 135 (2011), was a case before the Supreme Court of the United States in which the Court held that a service provider cannot be held liable in a private action under SEC Rule 10b-5.[1]

References

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  1. ^ Janus Capital Group v. First Derivative Traders United States Supreme Court, Syllabus p. 1, "Held: Because the false statements included in the prospectuses were made by Janus Investment Fund, not by JCM, JCM and JCG cannot be held liable in a private action under Rule 10b–5."
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