Akin Gump has issued an alert detailing the United States Supreme Court’s ruling in Lorenzo v. SEC that disseminators of false statements with intent to defraud can be held liable under Securities Exchange Act Rule 10b-5, even if they did not “make” the statements.
U.S. Supreme Court Rules: Disseminators of False Statements with Intent to Defraud can be Held Liable Under Securities Exchange Act Rule 10b-5
