Who can be sued in shareholder litigation or SEC enforcement proceedings over written or oral statements by company officers? More than 80 years after passage of the Securities Act of 1933 and the Securities Exchange Act of 1934, these questions remain surprisingly unsettled, and the controversies remain a hot topic for bankers and other participants in today’s financial market deals.
SNL Financial Services Daily
Who can be sued for company statements?
December 1, 2015