Three significant securities law decisions highlight the new Supreme Court session, which will be the first complete term for Justice Neil Gorsuch. These cases, two of which involve Bay Area companies, concern the liability of public companies in private lawsuits for failing to comply with the disclosure requirements of the Securities and Exchange Commission (SEC); whether plaintiffs may bring class action lawsuits in state courts alleging false and misleading statements in registration statements for public offerings, or whether such actions may be filed only in federal court; and whether corporate whistleblowers must have reported to the SEC, rather than just internally, in order to file lawsuits in federal court alleging that they were victims of retaliation.
Leidos v. Indiana Public Retirement System
