Is there a private civil remedy under Rule 10b-5?
MultiRegion, United States of America
The following excerpt is from Lubin v. Sybedon Corp., 688 F. Supp. 1425 (S.D. Cal. 1988):
17 C.F.R. 240.10b-5 (1981). The existence of a private civil remedy under Rule 10b-5 is beyond dispute. Blue Chip Stamps v. Manor Drug Stores, 421 U.S. 723, 730, 95 S.Ct. 1917, 1923, 44 L.Ed.2d 539 (1975).
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