The Duality of the U.S. Supreme Court’s Janus Decision
The LAW FIRM OF DAYREL SEWELL, PLLC is pleased to announce its latest publication, “The Duality of the U.S. Supreme Court’s Janus Decision”, appearing in the 2015 American Bar Association Securities Litigation Fall Newsletter (see below).
You are encouraged to comment and receive free updates by subscribing to the firm’s Blog and Press Release sections.
The Duality of the U.S. Supreme Court’s Janus Decision
The Supreme Court effectively ruled that the “maker” of a statement is the “speaker” rather than “speechwriter” in Janus. The Supreme Court concluded that it is the entity that has control over the content of the statements, and the authority of how and when to make them, that will have the primary liability. Obviously, the Supreme Court tried to narrow the definition of the term “make”. Although there is no secondary liability for making of untrue and misleading statement in connection with the purchase or sale of securities based on Janus, there are many remaining secondary problems. The first issue… Read more »
It is good to see someone who has a real grasp of the subject matter. Thank you.