Mills v. Electric Auto-Lite Co.
Citation
396 U.S. 375 (1970)
Facts
Stub — to be completed.
Issue
Stub — to be completed.
Holding
Stub — to be completed.
Rule
In a proxy fraud case under § 14(a), once a material misstatement or omission is established, causation is presumed; plaintiff need not prove that the proxy solicitation was an essential link to a specific injury.
Significance
Established a lenient causation standard for proxy fraud — materiality of the defect is sufficient to establish the causal connection.