Joseph M. McLaughlin, a partner at Simpson Thacher & Bartlett, examines how new SEC rules affect liability under sections 11 and 12(a)(2) of the Securities Act of 1933, under which purchasers of an issuer's securities in a registered offering have private rights of action for misstatements or omissions in a registration statement and materially misleading statements in prospectuses or oral communications soliciting a sale in a public offering.
Directors' and Officers' Liability
New York Law Journal
December 8, 2005
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