Securities LitigationGregg Weiner, New York Law Journal
In Age of Twitter, Do Investors Need Instant Updates?
Gregg Weiner of Ropes & Gray writes: The U.S. Supreme Court will review a ruling from the Second Circuit in 'Leidos', holding that Item 303 creates a duty to disclose that can subject companies to civil liabilities for securities fraud under §10(b). A ruling by the high court, expected to come in the October 2017 term, could significantly impact the scope of potential liability for nondisclosures under §10(b) and change the disclosure practices of public companies.
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