General Publications
June 24, 2019
“Could Passing on Misleading Info Bite Boards?” Agenda, June 24, 2019.
The U.S. Supreme Court decision in Lorenzo v. SEC has raised questions about whether executives and directors face a greater risk of federal securities law claims for statements they did not personally make. While some have voiced concerns that the decision expands the scope of primary liability for securities fraud, a closer reading of the case shows that its potential impact is limited.
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