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