Justices Face Muddy Waters With Omnicare Middle Ground

Law360, New York (November 7, 2014, 5:04 PM EST) -- The U.S. Supreme Court seems unwilling to uphold the Sixth Circuit's broad ruling that securities issuers can be held responsible for sharing opinions with investors that turned out to be false, but experts say a proposed middle-ground ruling in the Omnicare Inc. case could burden litigants with the uncertainty of having their subjective opinions evaluated without objective standards.

The case hinges on whether an incorrect opinion provided in a registration statement for public offering is enough to support claims under Section 11 of the Securities Act....
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