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=


Wikimedia Foundation. 2010.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • Blue Chip Stamps — started as a trading stamps company called Blue Chip Stamp Co. In 1963, the United States government began an antitrust action against Blue Chip Stamp. In 1967, the parties agreed to a consent decree which led to the creation of a new company… …   Wikipedia

  • Merrill Lynch, Pierce, Fenner & Smith, Inc. v. Dabit — Supreme Court of the United States Argued January …   Wikipedia

  • SEC Rule 10b-5 — is one of the most important rules promulgated by the U.S. Securities and Exchange Commission, pursuant to its authority granted under the Securities Exchange Act of 1934. The rule prohibits any act or omission resulting in fraud or deceit in… …   Wikipedia

  • Charles Bowen, Baron Bowen — Judicial Politeness Bowen as caricatured by Spy (Leslie Ward) in Vanity Fair, March 1892 Charles Synge Christopher Bowen, Baron Bowen QC, PC (1 January 1835 – 10 April 1894) was an English judge. Con …   Wikipedia

  • In terrorem — In terrorem, Latin for in [order to] frighten, is a legal term used to describe a warning, usually one given in hope of compelling someone to act without resorting to a lawsuit or criminal prosecution. For example, many intellectual property… …   Wikipedia

  • Securities Litigation Uniform Standards Act — The Securities Litigation Uniform Standards Act of 1998 (SLUSA) is a federal legislative act in the United States regarding private class action lawsuits for securities fraud. SLUSA amended portions of the Securities Act of 1933 and the… …   Wikipedia

  • SEC Rule 10b5-1 — is an administrative rule [http://www.sec.gov/rules/final/33 7881.htm enacted] by the United States Securities and Exchange Commission (SEC) in 2000. The SEC states that Rule 10b5 1 was enacted in order to resolve an… …   Wikipedia

  • List of United States Supreme Court cases, volume 421 — This is a list of all the United States Supreme Court cases from volume 421 of the United States Reports :* Vella v. Ford Motor Co. , ussc|421|1|1975 * Stanton v. Stanton , ussc|421|7|1975 * McLucas v. DeChamplain , ussc|421|21|1975 * Withrow v.… …   Wikipedia

  • United States — a republic in the N Western Hemisphere comprising 48 conterminous states, the District of Columbia, and Alaska in North America, and Hawaii in the N Pacific. 267,954,767; conterminous United States, 3,022,387 sq. mi. (7,827,982 sq. km); with… …   Universalium

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”