Apr. 26, 2019
SCOTUS DIG Deepens Uncertainty over Shareholder Suits
Can shareholders sue over tender offer misrepresentations and omissions? And is negligence the standard to meet? SCOTUS this week left both questions unresolved, and an unbalanced circuit split intact. Securities experts Matthew Close and Brittany Rogers (O'Melveny & Myers) discuss the implications. And Ron Holland (McDermott Will & Emery) explains the high court's latest 9th Circuit reversal and FAA vindication.