Securities

Abstract

Survey of United States Court of Appeals for the Fifth Circuit from July 1, 1982 through June 30, 1983. During the survey period, the Fifth Circuit addressed three important issues. First, the court had an opportunity to interpret the scope of the term "security" as used within the federal securities laws. Second, the court was called upon to determine whether in particular transactions there existed the requisite elements of a cause of action under section 10(b) of the 1934 Securities Exchange Act; and third, the court addressed the availability of implied private remedies to persons injured in securities transactions.