Janus Capital Group, Inc. v. First Derivative Traders

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]

Janus Capital Group, Inc. v. First Derivative Traders
Seal of the United States Supreme Court
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

ReferencesEdit

  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."

External linksEdit