1. Ernst & Ernst v. Hochfelder, No. 74-1042 , SUPREME COURT OF THE UNITED STATES, Argued December 3, 1975 , March 30, 1976
OVERVIEW: A private cause of action for damages did not lie under the Securities Exchange Act of 1934, and the rules promulgated under the Act, since there was the absence of any allegation of intent to deceive, manipulate, or defraud.
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