Omnicare, Inc. v. Laborers Dist. Council Constr. Industry Pension Fund
Supreme Court of the United States
1Opinion of the Court
Opinion *1323 Justice KAGANdelivered the opinion of the Court.
Before a company may sell securities in interstate commerce, it must file a registration statement with the Securities and Exchange Commission (SEC). If that document either "contain[s] an untrue statement of a material fact" or "omit[s] to state a material fact ... necessary to make the statements therein not misleading," a purchaser of the stock may sue for damages. 15 U.S.C. § 77k(a). This case requires us to decide how each of those phrases applies to statements of opinion.
I
The Securities Act of 1933, 48 Stat. 74 , 15 U.S.C. § 77a…
Also in this document: Concurring in the judgment · Scalia; Concurring in the judgment · Thomas.
2Cases cited12 opinions
- Ashcroft v. IqbalSupreme Court of the United States · 2009
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
- Herman & MacLean v. HuddlestonSupreme Court of the United States · 1983
- United States v. Detroit Timber & Lumber Co.Supreme Court of the United States · 1906
- Pinter v. DahlSupreme Court of the United States · 1988
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3Cited by508 opinions
- Loreley Financing (Jersey) No. 3 Ltd. v. Wells Fargo Securities, LLCCourt of Appeals for the Second Circuit · 2015
- Universal Health Services, Inc. v. United States ex rel. EscobarSupreme Court of the United States · 2016
- Paradise Wire & Cable Defined Benefit Pension Plan v. WeilCourt of Appeals for the Fourth Circuit · 2019
- In re Vivendi, S.A. Secs. Litig.Court of Appeals for the Second Circuit · 2016
- Tongue v. SanofiCourt of Appeals for the Second Circuit · 2016
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