Hylant: News Room

Public Company D&O Alert: U.S. Supreme Court
Rules in Omnicare

March 31, 2015 - On March 24, 2015 the Supreme Court of the United States issued its decision in Omnicare, Inc. et. al. v Laborers District Council Construction Industry Pension Fund.

The question before the Court was to resolve a Circuit split over whether or not a statement of opinion in a securities registration statement that ultimately proved to be false created liability for the issuer under Section 11 of the Securities Act of 1933.

To learn more about this important issue, please click here.


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Hylant, a six consecutive year winner of Best Places to Work in Insurance (2009, 2010, 2011, 2012, 2013, and 2014), was founded in 1935 and is a full-service insurance brokerage with 14 offices in Ohio, Michigan, Illinois, Indiana, Tennessee, and Florida. As a member of the Worldwide Broker Network, Hylant offers complete risk management services, employee benefits brokerage and consultation, loss control, healthcare management and insurance solutions for businesses and individuals. Hylant is one of the largest privately held brokerage firms in the United States and serves a wide variety of clients locally, nationally, and internationally. For more information, please contact Tammy Cameron at tammy.cameron@hylant.com or visit hylant.com. Follow Hylant on LinkedIn and Twitter (@hylantgroup).