Omnicare Clings To Narrow Liability In Supreme Court Args
By Stephanie Russell-Kraft ( November 3, 2014, 5:20 PM EST) -- Omnicare Inc. urged the U.S. Supreme Court to reverse a Sixth Circuit ruling that executives can be held responsible for opinions expressed to investors that later turned out false, arguing Monday that a legal standard requiring issuers to prove a "reasonable basis" for statements of opinion would be "cold comfort" to issuers facing potential legal action....
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