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Browse: Home / 2016 / February / 10 / An SEC investigation: to disclose, or not disclose? | Insights | DLA Piper

An SEC investigation: to disclose, or not disclose? | Insights | DLA Piper

By Securities Docket on February 10, 2016, 10:21 am

In a recent decision, the Ninth Circuit addressed for a second time the question of whether an issuer’s disclosure of a Securities and Exchange Commission investigation can provide a sufficient basis for a plaintiff to plead “loss causation” in a securities class action.

The court’s ruling – that disclosure of an investigation combined with “a subsequent revelation” can suffice to plead loss causation in a later civil action alleging securities fraud – should lead issuers to think more carefully about disclosure of such investigations at all.

via An SEC investigation: to disclose, or not disclose? | Insights | DLA Piper

Posted in SEC, Top | Tagged Disclosure

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