Does ‘Lorenzo’ Expand the Scope Of Private Securities Litigation?

New York Law Journal

03 Jun 2019
Reprinted with permission.

Morrison & Foerster’s Jim Beha, Michael Birnbaum, Joel Haims, and Steve Rappoport recently authored the article “Does ‘Lorenzo’ Expand the Scope Of Private Securities Litigation?” for the New York Law Journal. The article examines 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, appears to reverse this trend and may provide private plaintiffs a basis to argue for more expansive Rule 10b-5 liability.



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