Issue: Securities 
Court: U.S. Supreme Court

Term: October 2017
Lower Court: U.S. Court of Appeals for the Second Circuit

Question Presented: 
Whether the Second Circuit erred in holding in direct conflict with the decisions of the Third and Ninth Circuits that Item 303 of SEC Regulation S-K creates a duty to disclose that is actionable under Section 10(b) of the Securities Exchange Act of 1934 and SEC Rule 10b-5.

Case Outcome:
The parties settled the case and asked the U.S. Supreme Court to cancel the oral argument scheduled for November 2017. 

Procedural History and Case Documents: