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Second Circuit Review: Ruling Broadening Duty of Disclosure in Securities Filing Creates Circuit Split
February 25, 2015 download PDF
Litigation partners Martin Flumenbaum and Brad Karp's Second Circuit Review column appeared in the February 24 issue of the New York Law Journal. The article, "Ruling Broadening Duty of Disclosure in Securities Filing Creates Circuit Split," discusses Stratte-McClure v. Morgan Stanley, in which the court concluded that Item 303 of Regulation S-K imposes a duty of disclosure on a company filing a Form 10-Q, and that it may give rise to liability under Section 10(b) and Rule 10b-5. Litigation associate Kristen-Elise Brooks assisted in the preparation of this column.