In March 2019, the Supreme Court issued its decision in Lorenzo v. SEC, concluding that, under the Securities Act of 1933 and the Securities Exchange Act of 1934, a person who “disseminates” but does not “make” a misstatement may be held primarily liable. In this video, litigation partners Kannon Shanmugam, Chair of the Supreme Court and Appellate Practice Group, and Audra Soloway, Co-Chair of the Securities and Enforcement Practice Group, discuss the case and its potential impact on the securities-litigation landscape.
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