Corporate Secretary | Companies face new basis for securities fraud

http://bit.ly/1zifNNe

corporatesecretary.com
– Abigail Caplovitz Field
Supreme Court decision invokes omission clause to test liability for opinions in registration statements
With its recent decision in Omnicare v. Laborers District Council Construction Industry Pension Fund, the Supreme Court put issuers on notice: their opinions must have a reasonable basis if they are going to be included in a registration statement, because a reasonable investor would assume they do. That means that companies are now at greater risk of being liable for securities fraud under …  show all text

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@BobTannous on Twitter
@BobTannous: RT @CorpSecMag: Firms risk costly #legaldiscovery if they don’t substantiate opinions in registration stmts bit.ly/1xSZ4BL #corpgov

@ToGovern on Twitter
@ToGovern: Firms risk costly #legaldiscovery if they don’t substantiate opinions in registration statements bit.ly/1xSZ4BL #corpgov

@CorpSecMag on Twitter
@CorpSecMag: Firms risk costly #legaldiscovery if they don’t substantiate opinions in registration statements bit.ly/1xSZ4BL #corpgov

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@Muzaffar1969 on Twitter
@Muzaffar1969: RT @CorpSecMag: Firms risk costly #legaldiscovery if they don’t substantiate opinions in registration stmts bit.ly/1xSZ4BL #corpgov

Vía All News on ‘The Twitter Times: Muzaffar69/corpgov’ http://bit.ly/1NER4rA

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