“Could Passing on Misleading Info Bite Boards?” Agenda, June 24, 2019.

Our Securities Litigation Group discusses the Lorenzo v. SEC appeal pending before the U.S. Supreme Court, which will be argued on December 3, 2018, and describes the impact the appeal could have on securities fraud claims brought by investors under Rule10b-5.

The U.S. Supreme Court has agreed to hear appeals of the Ninth Circuit’s decisions in the Facebook and NVIDIA putative securities class action cases. Our Securities Litigation Group breaks down the potentially far-ranging impact on plaintiffs’ ability to plead securities fraud claims.

Learn more about federal priorities – from Paycheck Protection Program amendments to the SEC’s relief from in-person voting to the CFTC and NFA, plus a key U.S. Supreme Court ruling – that will affect the investment industry in the latest issue of Investment Management Updates.

Susan Hurd comments on the recent decision by the U.S. Supreme Court in Lorenzo v. SEC and why it’s unlikely the ruling will lead to more shareholder class actions.

Our Securities Litigation Group discusses how the Supreme Court applied the scheme liability rules to alleged misstatements in Lorenzo v. SEC and the potential impact on future litigation.