Pending 6th Circ. Ruling Has Broad Class Action Implications

By Todd Cosenza, Charles Cording and Amanda Payne (August 16, 2023, 4:10 PM EDT) -- In 1942, the U.S. Securities and Exchange Commission adopted Rule 10b-5,[1] promulgated under Section 10(b) of the Securities Exchange Act of 1934.[2] Rule 10b-5 prohibits, in connection with the purchase or sale of any security, the making of any untrue statement of a material fact or the omission of a material fact that would render statements made not misleading....

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