Topic
Materiality
117 published works
Securities Law Prof Blog
Supreme Court Unanimously Rules No Bright-Line Rule of Statistical Significance in Matrixx
The U.S. Supreme Court unanimously decided, in Matrixx Initiatives, Inc. v. Siracusano (No. 09-1156) (Mar. 22, 2011)( Download Matrixx opinion) that plaintiffs can state a case for securities fraud under…
The D&O Diary
Second Circuit Reinstates Blackstone Group IPO Securities Suit
In a February 10, 2011 opinion (here), the Second Circuit reversed the lower court’s dismissal of the securities class action lawsuit relating to The Blackstone Group’s June 2007 IPO. The…
White Collar Crime Prof Blog
Kozinski Tells Prosecutors to Quit Wasting Taxpayer Resources
By Ellen Podgor
The Ninth Circuit Court of Appeals reversed the conviction of Prabhat Goyal, former chief financial officer of Network Associates (formerly known as McAfee), holding that the government "failed to carry…
Securities Law Prof Blog
Law Profs File Amicus Brief in Case Addressing Definition of Materiality
In January the Supreme Court will hear oral argument in Matrixx Initiatives Inc. v. Siracusano, a securities fraud action that addresses again the definition of materiality under Rule 10b-5. The…
Legal Profession Blog
More on Goldman as Bookie: What About “Bespeaks Caution?”
Posted by Jeff LipshawIt's certainly not my goal to defend Goldman Sachs any more than it is to defend bookies. And I acknowledge that as to materiality, it's entirely possible…
White Collar Crime Prof Blog
More On Nacchio Appellate Argument
By Ellen Podgor
It is not surprising to hear from TalkLeft that the 10th Circuit Court of Appeals scrutinized the materiality issue in the Nacchio case. (see here) As co-blogger Peter Henning said…
British Columbia Insurance Blog
Brown v. Insurance Corp. of British Columbia [2004] B.C.J. No. 919 British Columbia Court of Appeal
A wilfully false statement can void coverage to an insured, even if the insured corrected the false statement on the next business day, and the false statement had no practical…