Robert L. Brown, and All Those Similarly Situated v. The Enstar Group, Inc., Richard J. Grassgreen, Perry Mendel

U.S. Court of Appeals, Eleventh Circuit · Decided 1996-05-31

Cited by 104 later decision(s) in our corpus · see the citation network in Lexace

From the opinion

TJOFLAT, Chief Judge: This appeal presents the issue of what must be proven to establish “controlling person” liability under section 20(a) of the Securities Exchange Act of 1934 (the “Act”), ch. 404, 48 Stat. 881 , 899, 15 U.S.C. § 78t(a) (1994). We adopt the district court’s test, and affirm its grant of summary judgment in favor of appellee…

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