Joel C Haims James J Beha Ii Michael D Birnbaum

May 31, 2019 | New York Law Journal

The Supreme Court's recent decision in 'Lorenzo v. Securities & Exchange Commission'—which affirmed a finding of liability under §10(b) and Rule 10b-5 against a defendant who knowingly “disseminated” another party's false statement—may provide private plaintiffs a basis to argue for more expansive Rule 10b-5 liability.

By Joel C. Haims, James J. Beha II, Michael D. Birnbaum and Steven T. Rappoport

15 minute read