United States: Supreme Court Narrows Securities Fraud Exposure - Seyfarth Shaw LLP

United States: Supreme Court Narrows Securities Fraud Exposure - Seyfarth Shaw LLP

Mondaq

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The Supreme Court recently took away an often-used weapon by shareholder plaintiffs in securities fraud cases, ruling that "pure omissions" from periodic SEC filings (absent any other duty to disclose) are not actionable under SEC Rule 10b-5.

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