The U.S. Supreme Court agreed to use a case stemming from a New York City contract fraud to clarify investors’ ability to sue companies for omitting information from shareholder reports.
The justices said Monday they will hear an appeal from government contractor Leidos Inc. in a case connected to the company’s $500 million settlement with the city in 2012.
via Securities-Fraud Clash Will Get U.S. Supreme Court Scrutiny – Bloomberg
