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Second Circuit Review: Second Circuit Clarifies Materiality Requirement in Securities Fraud Cases
August 25, 2011
To read the article, click here.
Litigation partners Marty Flumenbaum and Brad Karp's Second Circuit Review column appears in the August 24 issue of the New York Law Journal. The article discusses Hutchison v. Deutsche Bank Securities Inc., in which the U.S. Court of Appeals for the Second Circuit clarified when misstatements and omissions in a company's registration statement will be considered "material" for purposes of prosecuting a securities fraud claim under §§11, 12(a)(2) and 15 of the Securities Act of 1933. Litigation associate Paula Viola assisted in the preparation of the column.