It's interesting to me that the state as the plaintiff doesn't need to prove standing for the civil case. After all, nothing alleged in the lawsuit identified the state as an injured party in any way. And the entities that could have claimed injury all said they were not injured. Where was the standing?
Well we know that standing is just a tool of convenience in cases like these, so I guess the state doesn't bother proving standing, but gives the judge a wink and a nod so the case goes forward.
All states have what are known as blue sky laws which are general anti fraud laws usually regarding securities where you can go after fraud in the marketplace. The first was passed in Kansas where securities were being sold backed by nothing but "the blue skies."
New York's executive law 62 is probably the broadest in the country
It's interesting to me that the state as the plaintiff doesn't need to prove standing for the civil case. After all, nothing alleged in the lawsuit identified the state as an injured party in any way. And the entities that could have claimed injury all said they were not injured. Where was the standing?
Well we know that standing is just a tool of convenience in cases like these, so I guess the state doesn't bother proving standing, but gives the judge a wink and a nod so the case goes forward.
All states have what are known as blue sky laws which are general anti fraud laws usually regarding securities where you can go after fraud in the marketplace. The first was passed in Kansas where securities were being sold backed by nothing but "the blue skies."
New York's executive law 62 is probably the broadest in the country
https://en.wikipedia.org/wiki/New_York_Executive_Law_%C2%A7_63(12)