A recent defendant-friendly decision issued by the 2nd U.S. Circuit Court of Appeals helped keep the door slammed firmly shut against plaintiffs seeking to bring Rule 10b-5 securities fraud claims against “secondary actors.”
This is good news for defendants and persons such as law firms, investment banks and other professionals who have not made any allegedly false or misleading public statements themselves, but rather were merely involved in preparing public financial disclosure and offering documents that allegedly contain such statements.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
