Jessica S. Lochmann

Apr 26, 2024 | mondaq.com | Nicholas O'Keefe |Jessica S. Lochmann |Philip C. Babler |Arata Kaku- McGowan

Court rejects failure to disclose information required under Regulation S-K Item 303 as basis for Rule 10b-5 claim, holds that unlike "half-truths," "pure omissions" are not actionable under Rule 10b-5 On April 12, 2024, the United States Supreme Court delivered an important decision on the issue of whether a failure to make disclosure required under Item 303 of Regulation S-K can support a Rule 10b-5 claim, even in the absence of an otherwise-misleading statement.

Apr 24, 2024 | jdsupra.com | Philip C. Babler |Jessica S. Lochmann |Nicholas O'Keefe

Court rejects failure to disclose information required under Regulation S-K Item 303 as basis for Rule 10b-5 claim, holds that unlike “half-truths,” “pure omissions” are not actionable under Rule 10b-5On April 12, 2024, the United States Supreme Court delivered an important decision on the issue of whether a failure to make disclosure required under Item 303 of Regulation S-K can support a Rule 10b-5 claim, even in the absence of an otherwise-misleading statement.

Mar 14, 2023 | jdsupra.com | Patrick Daugherty |Louis Lehot |Jessica S. Lochmann

Hundreds of public companies have filed current reports on Form 8-K since Silicon Valley Bank (SVB) became insolvent and was taken over by the FDIC. The disclosures made to date have been primarily “voluntary” filings, made to comply with SEC’s Regulation FD, and designed to alert security holders and the market generally about the impact of SVB’s troubles on the filing company. Many of the filings disclose no material impact on the filing company.