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3185 REVIEW DENIED Liability under Corporations Code section 25500 is imposed only on a defendant who made a misrepresentation affecting the price of a security and bought or sold the security to a person who relied on the misrepresentation.CitationKAMEN v LINDLY (Insider Trading) 94 CA4 197 [See: CorpC 25400, 25500; 15 USC 78i; Diamond v Superior Court 19 C4 1036, T/AT 2/99; Gulf v Mesa 582 FS 1110; Robbins v Banner 285 FS 758] |
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Finz Case Law Summaries (Finz Advance Tapes)
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