April 24, 2024 | New York Law Journal
Supreme Court Confirms 'Pure Omissions' Cannot Support Securities Fraud LiabilityIn a significant decision regarding the scope of the federal securities laws' anti-fraud provisions, the U.S. Supreme Court held that "pure omissions" are inactionable under Section 10(b) of the Securities Exchange Act and its enabling rule, SEC Rule 10b-5.
By James J. Beha II and Brendan F. Quigley
9 minute read
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