New SCOTUScast: Janus Capital Group, Inc. v. First Derivative Traders
by The Federalist Society
Posted December 22, 2010, 6:28 PM
On Dec. 7, the Supreme Court heard oral argument in Janus Capital Group, Inc. v. First Derivative Traders. The question at issue was whether an investment advisor could be subjected to primary liability in a federal securities lawsuit brought by private parties, on the grounds that the investment advisor "helped" a mutual fund draft and disseminate a prospectus containing misleading statements.
To discuss the case, we have Jonathan Cohn, who is a partner at Sidley Austin LLP.