1. Herman & Maclean v. Huddleston, No. 81-680 , SUPREME COURT OF THE UNITED STATES, November 9, 1982, Argued , January 24, 1983, Decided ** Together with No. 81-1076, Huddleston et al. v. Herman & MacLean et al., also on certiorari to the same court.
OVERVIEW: Preponderance of the evidence, and not clear and convincing, was the proper standard for recovery under a Securities Exchange Act of 1934 statute because it allowed both parties to share the risk of error in roughly equal fashion.
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