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United States Leading Case competition and regulation

Omnicare Inc v Laborers District Council

575 U.S. 175 (2015)
JurisdictionUnited States
CourtUS Supreme Court
Year2015
StatusBinding authority

Summary

Statements of opinion in securities registration statements are actionable under Section 11 only if the speaker did not hold the stated belief or omitted material facts about the opinion's basis.

Key Principle

Statements of opinion in registration statements are actionable under Section 11 only if the speaker did not actually hold the stated belief or omitted material facts about the basis for the opinion.

Area of Law

securities

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