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Question
What are the common issues regarding litigation under Section 10(b) and Rule 10b-5 of the Securities Exchange Act of 1934?
The common issues regarding litigation under Section 10(b) and Rule 10b-5 include the following:
Who is liable?
What can be recovered by the plaintiff, and does the defendant have the right to seek contribution from third parties?
When is information material to the transaction?
Where does the law apply?
Answer
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Related questions
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A. The employer can sue the employee for reimbursements.
B. The employee will be held liable for the employer's torts, while working with the employer.
C. The insurer who has paid the respondeat superior claim will sue the employee who caused the claim.
D. The employee is entitled to receive respondeat superior claims from the employer.
E. An employer will be held liable for an employee's tortious acts whether or not they are in the scope of employment.
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B. Since this was an accident, no one will be held liable.
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