Janus Capital Group, Inc. v. First Derivative Traders

{{Use mdy dates|date=September 2023}}

{{Infobox SCOTUS case

|Litigants=Janus Capital Group, Inc. v. First Derivative Traders

|ArgueDate=December 7

|ArgueYear=2010

|DecideDate=June 13

|DecideYear=2011

|FullName=Janus Capital Group, Inc., et al. v. First Derivative Traders

|Docket=09-525

|OralArgument=https://www.oyez.org/cases/2010-2019/2010/2010_09_525/argument

|USVol=564

|USPage=135

|ParallelCitations=131 S. Ct. 2296; 180 L. Ed. 2d 166

|Prior=Dismissed sub nom. In re Mutual Funds Inv. Litigation, 487 F. Supp. 2d 618 (D. Md. 2007); reversed, 566 F.3d 111 (3d Cir. 2009); cert. granted, {{ussc|561|1024|2010|el=no}}.

|Subsequent=

|Holding=A service provider cannot be held liable in a private action under SEC Rule 10b-5.

|Majority=Thomas

|JoinMajority=Roberts, Scalia, Kennedy, Alito

|Dissent=Breyer

|JoinDissent=Ginsburg, Sotomayor, Kagan

|LawsApplied=

|italic title=force

}}

Janus Capital Group, Inc. v. First Derivative Traders, 564 U.S. 135 (2011), was a case before the Supreme Court of the United States in which the Court held that a service provider cannot be held liable in a private action under SEC Rule 10b-5.[https://www.supremecourt.gov/opinions/10pdf/09-525.pdf Janus Capital Group v. First Derivative Traders] United States Supreme Court, Syllabus p. 1,

"Held: Because the false statements included in the prospectuses were

made by Janus Investment Fund, not by JCM, JCM and JCG cannot

be held liable in a private action under Rule 10b–5."