Ninth Circuit Holds Omnicare's Standard For Falsity Of Opinion Applies To Claims Under Section 14(A) Of The Exchange Act - Corporate/Commercial Law
To print this article, all you need is to be registered or login on Mondaq.com. On April 20, 2021, the United States Court of Appeals for the Ninth Circuit affirmed the dismissal of a putative securities class action against an information technology security company (the “Company”), its chief executive officer, and Board of Directors (the “Directors”), alleging that a proxy statement issued in connection with a sale of the Company violated Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 14a-9. Golub v. Giga...
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