Central Bank of Denver v. First Interstate Bank of Denver
Citation
511 U.S. 164 (1994)
Facts
Stub — to be completed.
Issue
Stub — to be completed.
Holding
Stub — to be completed.
Rule
There is no private right of action for aiding and abetting a violation of § 10(b) and Rule 10b-5; only primary violators face private liability.
Significance
Eliminated private aiding-and-abetting liability under Rule 10b-5; Congress later authorized SEC (but not private plaintiffs) to pursue aiders and abettors.