Janus Capital Group, Inc. v. First Derivative Traders, 2011 U.S. LEXIS 4380 (June 13, 2011)

Janus Capital Group, Inc. v. First Derivative Traders, 2011 U.S. LEXIS 4380 (June 13, 2011)

LexisNexis Overview: There was no allegation that an investment advisor filed prospectuses and falsely attributed them to a mutual fund, nor did the prospectuses indicate that they came from the advisor instead of the fund; thus, the advisor did not "make" allegedly misleading statements, and claims under 17 C.F.R. § 240.10b-5(b) and 15 U.S.C.S. § 78j(b) failed.

Counsel: Mark A. Perry argued the cause for petitioner.

Curtis E. Gannon argued the cause for the United States, as amicus curiae, by special leave of court.

David C. Frederick argued the cause for respondent.

Judges: THOMAS, J., delivered the opinion of the Court, in which ROBERTS, C. J., and SCALIA, KENNEDY, and ALITO, JJ., joined. BREYER, J., filed a dissenting opinion, in which GINSBURG, SOTOMAYOR, and KAGAN, JJ., joined.

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