Kardon v. National Gypsum Co.
Citation
73 F. Supp. 798 (E.D. Pa. 1947)
Facts
Stub — to be completed.
Issue
Stub — to be completed.
Holding
Stub — to be completed.
Rule
A private right of action exists under § 10(b) and Rule 10b-5 based on the general principle that violation of a statute gives rise to a private cause of action in favor of one injured thereby.
Significance
One of the earliest cases implying a private right of action under Rule 10b-5; foundational for modern securities fraud litigation.