Revisiting Affiliated Ute: Will It Supersize Leidos?
By James Goldfarb, Stephen Crimmins, Michael Rella and Elizabeth Del CidMay 18, 2017, 2:21 PM EDT
Law360, New York (May 18, 2017, 2:21 PM EDT) -- Last month marked 45 years since the U.S. Supreme Court's ruling in Affiliated Ute Citizens of Utah v. United States, which established a rebuttable presumption of reliance for securities fraud claims based on omissions of material fact. This Expert Analysis special series explores the decision's progeny in the Supreme Court and various circuits.
Elizabeth Del Cid When can a company’s silence support a Rule 10b-5 claim? The U.S. Supreme Court will consider that question next term in Leidos Inc. v. Indiana Public...