United States materialityreasonable investor

TSC Industries Inc v Northway Inc

426 U.S. 438 (1976)

JurisdictionUnited States

CourtSupreme Court of the United States

Year1976

StatusBinding authority

Key Principle

A fact is material for proxy statement purposes if there is a substantial likelihood that a reasonable shareholder would consider it important in deciding how to vote.

Area of Law

securities

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