Labels:book | reckoner | sky | tree OCR: The crealion or derivative liability puoxaq that approved by Congress through the theory ot aiding and abetting circum- venis the boundarics Congress iniended Trar derivalive bilily under the securities laws For example establish aiding and abetting li ability. plaintiff is relieved uf proving control relationship between the defendant and the detrauder Yct it is this relationship which places the defen Jucp position prevent the improper conduct the primary violator and nakes reasonable to impose liabilily for failure Moreover. the statutory delense f that the controlling person "acted pood faith and did not directly indirectly induce the aci 10 acts constiluting the violation cause of action 78t {1988} unavailable aiding and ahetting defendanis. Thus implicd aiding and abetting right woul ...
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