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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