Bateman Eichler, Hill Richards, Inc. v. Berne

472 U.S. 299 (1985).

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Nature of the Case

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Facts

Lazaro (D1), an employee of Bateman Eichler, Hill Richards (D), gave false inside information to various individuals. The tippees (P) sued for damages. The District Court dismissed; the doctrine of in pari delicto barred their claim. The Court of Appeals reversed and the Supreme Court granted certiorari.