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Federal Judge Rules Out Private Cause Of Action Under California Control Person Statute

Some persons may be deemed to violate the Corporate Securities Law of 1968 even though they did not directly violate the law.  Corporations Code Section 25403(a) provides that a person who with knowledge directly or indirectly controls and induces...

California Securities Laws, primary violator, Section 25403, Derivative Suits, Apollo Capital, control person liability, derivative, Jon S. Tigar, private right of action, Shaev v. Baker, Wells Fargo

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30172DBAB0084D3A8F39D7AF0A8E79BC.ashxKeith Paul Bishop
Partner at Allen Matkins
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