Matrixx and Recent Lower Court Decisions.

Autor: Little Jr., Edward W., Gabos, Kelly A.
Předmět:
Zdroj: Securities Litigation Journal; Winter2012, Vol. 22 Issue 2, p20-25, 6p
Abstrakt: The article discusses the court case Matrixx Initiatives, Inc. v. Siracusano in which the U.S. Supreme Court held that there are no bright line tests behind which public companies may be safe from securities fraud liability under section 10(b) of the Securities Act. It cites the court case TSC Industries, Inc. v. Northway, Inc. wherein the Court described the need to insure adequate disclosure. The court case Basic, Inc. v. Levinson wherein the Court rejected the bright line rule is also noted.
Databáze: Complementary Index