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Publication

Panzirer V Wolf: A Study In Doctrinal Exegesis

Deutsch, Jan
Abstract
This article analyzes the Second Circuit decision of Panzirer v. Wolf which held that secondary reliance on the integrity of the market could support a cause of action based on Rule JOb-5 of the Securities Exchange Act. The author also ex­ amines prior cases relied upon by the Second Circuit and concludes by questioning whether the Panzirer holding is justified.