In the context of a nondisclosure claim under Rule 10b-5, there is no corporate duty to disclose that it or its employees engaged in uncharged illegal conduct.

Contributed in 2008 by Nicholas Diamand
Last edited in 2008 by David Gold
You've come to a rule . Check out the authorities below. When you find one you like, add it to your SpinDoc. more...
Please sign in or sign up to see the authorities.
Contribution Suggestions
complete authority for rule...
In order to satisfy the the requirement of the Private Securities Litigation Reform Act of 1995 that plaintiffs pleading a Rule 10b-5 violation to...
vouch for authority for rule...
Factual determinations of the SEC are reviewed under the substantial evidence standard.
vouch for authority for rule...
In a 10b-5 action, in order to establish a rebuttable presumption of reliance using a fraud on the market theory, plaintiff must prove (1)...