0 results for '10b-5'
California EV Maker Rivian Accused of Securities Fraud in New Class Action
The complaint, filed on Friday in the Central District of California, claims that Rivian made "materially false and misleading statements."
Shadow Trading: How Far Can the SEC Expand the Insider Trading Prohibition?
The SEC's long, successful campaign against insider trading has been legally predicated on two words—"deceptive device"—in Section 10(b) in the Securities Exchange Act. In terms of its legal authority, the SEC has little else to rely on, as insider trading is nowhere defined in federal legislation.
Supreme Court Confirms 'Pure Omissions' Cannot Support Securities Fraud Liability
In a significant decision regarding the scope of the federal securities laws' anti-fraud provisions, the U.S. Supreme Court held that "pure omissions" are inactionable under Section 10(b) of the Securities Exchange Act and its enabling rule, SEC Rule 10b-5.
In Win for Securities Industry, Justices Curb Investor Suits Over 'Pure Omissions'
Investors can bring such suits only when such omissions create "misleading half-truths," Justice Sonia Sotomayor wrote for a unanimous court.
Law Journal Press | Digital Book
Anatomy of a Merger: Strategies and Techniques for Negotiating Corporate Acquisitions
Authors: James C. Freund
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Proposed Class Action Claims AI Company's 'Smoke and Mirrors' to Blame for Sinking Stock Price
This suit was surfaced by Law.com Radar, ALM's source for immediate alerting on just-filed cases in state and federal courts. Law.com Radar now offers state court coverage nationwide. Sign up today and be among the first to know about new suits in your region, practice area or client sector.
Second Circuit Sets Standard for Distinguishing Opinions From Facts in Securities Fraud Cases
A discussion of the case 'Union Asset Management Holding AG v. Philip Morris International Inc. (In re Philip Morris International Inc. Securities Litigation) where the Second Circuit elucidates on distinguishing fact from opinion.
Some Thoughts on Securities Litigation Trends From Either Side of the Bar
Jerry Silk of Bernstein Litowitz and Scott Musoff of Skadden weigh in on what's going on behind the numbers in the latest Cornerstone Research annual report on securities class actions.When Do Omissions Create Private Liability? The Supreme Court Ponders
On Jan. 16, 2024, the Supreme Court heard 'MacQuarie Infrastructure Corp. v. Moab Partners L.P.', which will presumably resolve a circuit split. The question before the court is whether the Second Circuit erred in holding "that a failure to make a disclosure required under Item 303 of SEC Regulation S-K can support a private claim under §10(b) of the Exchange Act, even in the absence of an otherwise misleading statement."
Justices Seek to Provide Securities Bar with Clarity Over Investor Suits
High court considers what and when companies must disclose so as not to mislead investors.More from ALM
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- Holwell Shuster & Goldberg Partners Leverage 'Hostile' Witnesses to Secure $101 Million Verdict Against Walmart 1 minute read
- Legal Speak at General Counsel Conference Midwest 2024: Mike Andolina, Partner, White & Case 1 minute read
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