U.S. Supreme Court,
Securities,
9th U.S. Circuit Court of Appeals
Apr. 24, 2019
US Supreme Court dismisses securities case, leaving fight over tender offer litigation for another day
The U.S. Supreme Court on Tuesday punted a securities case testing the standard of liability for companies charged with misleading investors during the course of a tender offer, leaving in place, for the time being, a circuit split making it easier to pursue claims under the Securities Exchange Act of 1934 on the West Coast.
The U.S. Supreme Court on Tuesday punted a securities case testing the standard of liability for companies charged with misleading investors during the course of a tender offer, leaving in place, for the time being, a circuit split making it easier to pursue claims under the Securities Exchange Act of 1934 on the West Coast.
In a per curiam opinion, the high court said it had improvidently granted review of the 9th U.S. Circuit Court...
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