Labels:book | daily | reckoner | sky | tree OCR: Congress knew how to impose aiding and abetting liability speci fically when wished stI, also knew impose liability derived the conduct at another against defendant 1n private action Congress has chosen not ts itmpose such liability based on aiding and abelting This Court mUISt recenlly considered private righis of action under l0{h) Peeler Garretr Emptoyers Wausau, 2085 1993 that decision. the court described l(X(b one of the provisions of the 1934 Act which "impose{s] direct liability on deren- dants 101 own acts as opposed t derivative liability f the act.s af others. 209(. Under this view. 10(b) does not give rise any claim for aiding and abelling since aiding and abelting form ot Cepuons liability "imposed on defendants who have not themscl lves been have vio- lated the cxpress prohib ...
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