Are Local Governments Liable Under Rule 10b-5? Textualism and Its Limits

Authors

Margaret V. Sachs, University of Georgia School of Law.

Publication Title

Washington University Law Quarterly

Abstract

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.

Recommended Citation

Margaret V. Sachs, Are Local Governments Liable Under Rule 10b-5? Textualism and Its Limits, 70 Wash. U. L. Q. 19 (1992).
Available at: https://openscholarship.wustl.edu/law_lawreview/vol70/iss1/2