The following excerpt is from Redington v. Touche Ross & Co., 592 F.2d 617 (2nd Cir. 1978):
3. "Absent specific statements of legislative intent, we must examine the legislative purposes underlying the Act." Abrahamson v. Fleschner, supra, 568 F.2d at 874, conclude that a private right of action under section 17 is consistent with those purposes.
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