Washington University Law Quarterly
Whether state and local governments can be sued for damages is a question that cuts across subject-area boundaries. This question, which has long confounded courts in the areas of both antitrust and civil rights law, now has arisen in a new area: section 10(b) of the Securities Exchange Act of 19344 and rule 10b-5.
Margaret V. Sachs,
Are Local Governments Liable Under Rule 10b-5? Textualism and Its Limits,
70 Wash. U. L. Q. 19
Available at: http://openscholarship.wustl.edu/law_lawreview/vol70/iss1/2