Revisiting Affiliated Ute: High Court Needs A Reboot

Law360, New York (May 17, 2017, 4:26 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 will explore the decision's progeny in the Supreme Court and various circuits.

Gary Aguirre The U.S. Supreme Court ended an era in 1972 with its decision in Affiliated Ute Citizens of Utah v. United States.[1] It would be the last decision for three decades[2] to treat...
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