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

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.

On Dec. 3, 2018, the U.S. Supreme Court heard oral argument in Lorenzo v. U.S. Securities and Exchange Commission, a closely watched case that could set further limits on so-called “scheme liability” claims brought pursuant to Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.

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.