Susan Hurd, Mel Gworek and Evan Glustrom
To analyze the impact of the Supreme Court’s decision in Lorenzo v. SEC.
Abstract
Purpose
To analyze the impact of the Supreme Court’s decision in Lorenzo v. SEC.
Design/methodology/approach
Discusses the lead up to the decision, the arguments made by both sides, and the opinion of the Court, and makes predictions about the likely impact of the decision.
Findings
The holding is unlikely to have a significant impact on private securities litigation as shareholders, unlike the SEC, are required to prove reliance and, under the Lorenzo fact pattern, reliance cannot be shown.
Originality/value
Expert analysis and guidance from experienced securities litigation counsel.