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1. J. I. Case Co. v. Borak, No. 402, SUPREME COURT OF THE UNITED STATES, April 22-23, 1964, Argued , June 8, 1964, Decided
OVERVIEW: The Securities Exchange Act of 1934 authorized a private cause of action for rescission or damages to a shareholder for the use of a false and misleading proxy statement. The federal courts had the power to grant remedial relief.
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