Publications Mar 23, 2018 Supreme Court: Unanimously Upholds State Court Jurisdiction Over Class Actions Alleging Only Claims Under the Securities Act of 1933 Mar 23, 2018 Supreme Court: Dodd-Frank’s Anti-Retaliation Provisions Apply Only to Employees Who Report Allegedly Wrongful Activity to the SEC Mar 23, 2018 Fourth Circuit: Once a Company Decides to Speak on a Topic, the Company Has a Duty to Disclose All Material Information Concerning That Topic Mar 23, 2018 Ninth Circuit: (1) Generalized Allegations of an IPO-Related Motive to Boost Profitability Are Insufficient to Plead Scienter, and (2) Core Operations Theory Is Inapplicable to an Accounting Error Affecting a Small Division of the Company Mar 23, 2018 M.D. Tenn.: (1) Plaintiffs Cannot Rely on a Prior Dissimilar Event to Allege That Defendants Should Have Foreseen the Financial Impact of a Later Event, and (2) Allegations of Access to Data, Standing Alone, Are Insufficient to Plead Scienter Mar 23, 2018 S.D.N.Y.: (1) Plaintiffs Cannot State a Securities Fraud Claim If Cautionary Language Addressed the Risks That Were Allegedly Realized, and (2) Representation of Alignment with International Standards Is Inactionable Mar 23, 2018 N.D. Cal.: Affiliated Ute Presumption Does Not Apply If the Only Omission Is the Truth That an Affirmative Misstatement Fails to Disclose Mar 23, 2018 Delaware Supreme Court: Board Was Required to Disclose the Chairman’s Reasons for Abstaining From a Board Vote on the Sale of the Company