This section contains the nature of the case and procedural background.

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.

The legal issues presented in this case will be displayed here.

The court's holding and decision will be displayed here.

Legal analysis from Dean's Law Dictionary will be displayed here.