Supreme Court Rejects 'Pure Omissions” Liability Under Rule 10b-5
By EsqSocial Corporation 16/04/24
On April 12, a unanimous Supreme Court held that issuers are not liable under Rule 10b-5(b) for “pure omissions.” The Court’s decision ends a long-standing circuit split and, most importantly for public companies, narrows the grounds for Section 10(b) and Rule 10b-5 liability....
By: Katten Muchin Rosenman LLP