Legal Cases - Index

  • 1971 - LC - Superintendent of Ins. v. Bankers Life & Cas. Co., 404 U.S. 6 (1971), Superintendent of Insurance v. Bankers Life & Casualty Co.
    • U.S. Supreme Court, No. 70-60
    • Argued October 13, 1971, Decided November 8, 1971
    • ⇒  1971 - Book - Life Insurance and the Public Interest, by Halsey Josephson
    • 1974 0220 - GOV (Senate) - SEC Enforcement Actions, Quentin N. Burdick (D-ND)
      • p11 - Philip A. Loomis, [SEC] Commissioner, Securities and Exchange Commission - ...and the Superintendent of Insurance case, has considerably expanded the scope of private litigation for violations of the securities laws, as compared with what existed before. 
        • And this, of course, has encouraged private plaintiffs to bring actions.
        • Class actions have also become more common than they used to be.
        • And class actions are frequently used in securities cases where you will have a person who has defrauded each of 10,000 people out of a $100, and no one of them can effectively sue, but if you have got a class action for all 10,000, it is an action worth bringing and may be brought.