Summary
remanding for reconsideration on the issue of scienter in light of Ernst Ernst v. Hochfelsder, requiring a plaintiff in a private suit for damages under Rule 10b-5 must show that the defendant acted with scienter
Summary of this case from In re Enron Corp. Sec., Derivative "ERISA" LitigationOpinion
No. 75-1065.
April 19, 1976.
C.A. 7th Cir. Motions of Securities Industry Assn. and Lehman Commercial Paper, Inc., for leave to file briefs as amici curiae granted. Certiorari granted, judgment vacated, and case remanded for further consideration in light of Ernst Ernst v. Hochfelder, ante, p. 185. MR. JUSTICE STEVENS took no part in the consideration or decision of this case. Reported below: 524 F. 2d 1064.