Stephen M. Sinaiko, a partner at Kramer Levin Naftalis & Frankel, and Matan Koch, an associate at the firm, write that while the recent U.S. Supreme Court decision decision did not specifically address underwriter liability, its rationale strongly undercuts those post-Central Bank cases that held underwriters may have primary liability for fraudulent misstatements in prospectuses and registration statements.
'Janus Capital' and Underwriter Liability Under Section 10(b) and Rule 10b-5
New York Law Journal
July 12, 2011
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