Boston Partner Matt Dallett authored an article discussing whether a public company has a duty to update prior disclosures with later-developed information in Insights: The Corporate & Securities Law Advisor. Dallett analyzes Hagan v. Khoja, a Ninth Circuit decision which the U.S. Supreme Court declined to review, thus avoiding clarifying the issue of a duty to update.
“The Supreme Court’s refusal to grant the petition for certiorari disappointed those commentators who had hoped for a ruling that would bring clarity on the duty to update. However, a careful reading of the Ninth Circuit’s decision indicates that the Court was right to wait for a better case,” Dallett writes.
A version of this article was originally published as a Locke Lord QuickStudy.