With its December 3, 2018, argument in Lorenzo v. Securities and Exchange Commission, the U.S. Supreme Court is now poised to resolve an issue at the intersection of these two prohibitions: may a securities fraud claim proceed under a “scheme liability” theory if the only alleged misconduct is fraudulent misstatements that the defendant himself never made?
via Can a Plaintiff Re-Label and Re-File a Securities Fraud Claim? | K&L Gates LLP – JDSupra.
