Labels:book | reckoner | sky | tree OCR: fully suggests that c Congress aIso have intended aiders and abettors to be civilly liable for recklessness un- der the private 10{b} Icmedy Congress Would Not Have Required Actugl or H... Conscious" Intent FOr Civil Liability, Since this Would Have Confined the 10b-5 Action More Narrowiy thar the Common Law Remedy Reckless conduct was civilly actionable by vietims of fraud when the 1934 Congress enacted 10(b) See, e.2. THOMAS M. COOLEY TREATISE NO THE LAW OF TOKTS OR THE WRONGS WHICH ARISE INDEPENDENTLY OF CON TRACT 361 at 603 4th ed. 1932 sce OSID cases cited. supra notc Similarly with respect to aiding pue abetting rather than tequiring strict showing actual knowledge, comon law courts at the time 10b enacted had begun imposing aiding pue abetting liability based on construct tive knowl ...
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