Blue Chip Stamps v. Manor Drug Stores
- Blue Chip Stamps v. Manor Drug Stores
Infobox SCOTUS case
Litigants=Blue Chip Stamps v. Manor Drug Stores
ArgueDate=March 24
ArgueYear=1975
DecideDate=June 9
DecideYear=1975
FullName=Blue Chip Stamps v. Manor Drug Stores
USVol=421
USPage=723
Citation=44 L.Ed.2d 539; 95 S.Ct. 1917
Prior=Certiorari to the United States Court of Appeals for the Ninth Circuit
Subsequent=
Holding=A private damages action under Rule 10b-5 is confined to actual purchasers or sellers of securities and the Birnbaum rule bars respondent from maintaining this suit.
SCOTUS=1972-1975
Majority=Rehnquist
JoinMajority=Burger, Stewart, White, Marshall, Powell
Dissent=Blackmun
JoinDissent=Douglas, Brennan
LawsApplied=Securities Act of 1933, 48 Stat. 74, as amended, 15 U.S.C. 77a et seq.
"Blue Chip Stamps v. Manor Drug Stores", 421 U.S. 723 (1975), was a decision by the United States Supreme Court, which ruled that only those suffering direct loss from the purchase or sale of stock had standing to sue under federal securities law.
ee also
*List of United States Supreme Court cases, volume 421
Further reading
*cite journal |last=Hawkins |first=C. |authorlink= |coauthors= |year=1975 |month= |title=Standing to Sue for Violations of the Federal Securities Laws—the "Birnbaum" Doctrine |journal=Arkansas Law Review |volume=29 |issue= |pages=538 |issn=00041831 |url= |accessdate= |quote=
*cite journal |last=Mullaney |first=Thomas J. |authorlink= |coauthors= |year=1977 |month= |title=Theories of Measuring Damages in Security Cases and the Effects of Damages on Liability |journal=Fordham Law Review |volume=46 |issue= |pages=277 |issn=0015704X |url= |accessdate= |quote=
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