The SDNY Provides Guidance on a Company’s Duty to Disclose Government Investigations | Subject to Inquiry

… While dismissing the complaint, the court held that “a government investigation, without more, does not trigger a generalized duty to disclose” and the defendants “did not have a duty to disclose … because the securities laws do not impose an obligation on a company to predict the outcome of investigations.  There is no duty to disclose litigation that is not ‘substantially certain to occur.’”

via The SDNY Provides Guidance on a Company’s Duty to Disclose Government Investigations | Subject to Inquiry