§ 79p. — Misleading statements, penalty; rights and remedies additional to those existing under other laws.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC79p]
TITLE 15--COMMERCE AND TRADE
CHAPTER 2C--PUBLIC UTILITY HOLDING COMPANIES
Sec. 79p. Misleading statements, penalty; rights and remedies
additional to those existing under other laws
(a) Any person who shall make or cause to be made any statement in
any application, report, registration statement, or document filed
pursuant to any provision of this chapter, or any rule, regulation, or
order thereunder, which statement was at the time and in the light of
the circumstances under which it was made false or misleading with
respect to any material fact shall be liable in the same manner, to the
same extent, and subject to the same limitations as provided in section
18 of the Securities Exchange Act of 1934 [15 U.S.C. 78r] with respect
to an application, report, or document filed pursuant to the Securities
Exchange Act of 1934 [15 U.S.C. 78a et seq.].
(b) The rights and remedies provided by this chapter, except as
provided in section 79q(b) of this title, shall be in addition to any
and all other rights and remedies that may exist under the Securities
Act of 1933, as amended [15 U.S.C. 77a et seq.], or the Securities
Exchange Act of 1934 [15 U.S.C. 78a et seq.], or otherwise at law or in
equity; but no person permitted to maintain a suit for damages under the
provisions of this chapter shall recover, through satisfaction of
judgment in one or more actions, a total amount in excess of his actual
damages on account of the act complained of.
(Aug. 26, 1935, ch. 687, title I, Sec. 16, 49 Stat. 829.)
References in Text
The Securities Exchange Act of 1934, referred to in subsecs. (a) and
(b), is act June 6, 1934, ch. 404, 48 Stat. 881, as amended, which is
classified generally to chapter 2B (Sec. 78a et seq.) of this title. For
complete classification of this Act to the Code, see section 78a of this
title and Tables.
The Securities Act of 1933, referred to in subsec. (b), is act May
27, 1933, ch. 38, title I, 48 Stat. 74, as amended, which is classified
generally to subchapter I (Sec. 77a et seq.) of chapter 2A of this
title. For complete classification of this Act to the Code, see section
77a of this title and Tables.
