Silence May Not Be Golden For Cos. After High Court Review

Law360, New York (March 27, 2017, 11:09 PM EDT) -- The U.S. Supreme Court is poised to resolve a circuit split after agreeing to take up whether certain U.S. Securities and Exchange Commission regulations create a duty to disclose "known trends and uncertainties," and experts said the high court's decision could give investors a powerful weapon against companies keeping silent on investigations and other developments.

The high court on Monday accepted Leidos Inc.'s petition for review of a Second Circuit ruling reviving a proposed class action alleging the contractor withheld information that it was being investigated...
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