Implied liability under s. 10(b) of the Securities Act of 1934

Article Abstract:

The Supreme Court's decision in Central Bank could undermine all future civil liability claims under section 10(b) of the Securities Exchange Act of 1934. The court chose to adopt a strict statutory interpretation of the law and held that aiders and abettors in securities fraud could not be held liable because Congress did not explicitly mention aiders and abettors or their liability in section 10(b). This contradicts case and common law, and probably legislative intent. Furthermore, a similar reading of the statute would suggest that no one can be held liable under section 10(b).

Cases, Securities fraud, Case Note, Right of action, Accomplices

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Winning over the wary workforce

Article Abstract:

The main obstacle to the successful implementation of Investors in People UK schemes has been lack of commitment on the part of senior managers. In many cases, managers regard human resources initiatives of this kind as a distraction from the company's main business, especially if the company is undergoing a merger or restructuring. Even those senior managers who acknowledge that people are very important to business success can lack the techniques and systems required to maximise the company's human resources.

Standards, Employee development

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High rollers

Article Abstract:

Recent advances in technology help roller coasters run faster and smoother than before. The first transformation came in the 1970s when steel frames replaced wood on some rides. Then rocket propulsion technology added another boost and computer systems made the ride safer.

United States, Innovations, Amusement ride industry, Amusement ride equipment industry, Roller coasters

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