TRANSAMERICA MORTGAGE ADVISORS, INC. (TAMA), ET AL.
v.
LEWIS.
Supreme Court of United States.https://leagle.com/images/logo.png
Argued March 20, 1979.
Reargued October 2, 1979.
Decided November 13, 1979.
Attorney(s) appearing for the Case
John M. Anderson reargued the cause for petitioners. With him on the brief on reargument were Bruce W. Hyman, R. Barry Churton, Neil L. Shapiro, Joseph Martin, Jr., and Jerome I. Braun. With him on the briefs on the original argument were the above-named counsel and Mary Beth Uitti.
Eric L. Keisman reargued the cause and filed a brief for respondent.
Ralph C. Ferrara reargued the cause for the Securities and Exchange Commission as amicus curiae urging affirmance. With him on the brief on reargument were Solicitor General McCree, Stephen M. Shapiro, and Paul Gonson. With him on the brief on the original argument were Mr. McCree, Deputy Solicitor General Easterbrook, and Messrs. Shapiro and Gonson.*
Anthony P. David and John Bilyeu Oakley filed a brief for Mary Sullivan et al. as amici curiae urging affirmance.
Supreme Court of United States.
MR. JUSTICE STEWART delivered the opinion of the Court.
The Investment Advisers Act of 1940, 15 U. S. C. § 80b-1 et seq., was enacted to deal with abuses that Congress had found to exist in the investment advisers industry. The question in this case is whether that Act creates a private cause of action for damages or other relief in favor of persons aggrieved by those who allegedly have violated it.
The...
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