The evolution 'and development of the corporate conglomerate has been the most significant factor in the growth of twentieth century American enterprise. Corporate growth has far outdistanced that of alternative forms of business. The purchase and sale of an increasing volume of corporate securities has permitted management to raise impressive quantities of capital, and has allowed numerous investors to share in the profits realized from the judicious use of their funds.
G. A. Nea Jr.,
Limitations on Defenses under 10 (b): In Pari Delicto and Unclean Hands,
U. Rich. L. Rev.
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