Forum
U.S. Supreme Court
Case Status
Decided
Docket Number
Term
2024 Term
Lower Court Opinion
Questions Presented
Are risk disclosures false or misleading when they do not disclose that a risk has materialized in the past, even if that past event presents no known risk of ongoing or future business harm"?
Case Updates
U.S. Supreme Court dismisses writ of certiorari as improvidently granted, declining to address whether a public company’s risk disclosures can support liability based on a failure to disclose past events
November 22, 2024
U.S. Chamber files coalition amicus brief urging Supreme Court to hold that a public company’s risk disclosures cannot support liability based on a failure to disclose past events
August 16, 2024
U.S. Chamber Coalition Amicus Brief
Judson O. Littleton and Daniel J. Richardson of Sullivan & Cromwell LLP served as outside counsel.
Cert. petition granted
June 10, 2024
U.S. Chamber files coalition amicus brief urging Supreme Court to grant review and decide the scope of disclosure required under public companies' duty to disclose “material factors that make an investment in the [company] speculative or risky”
April 05, 2024
U.S. Chamber Coalition Amicus Brief
Judson O. Littleton and Daniel J. Richardson of Sullivan & Cromwell LLP served as outside counsel.
Case Documents
- Ninth Circuit Opinion -- In re Facebook Securities Litigation (Ninth Circuit)
- U.S. Chamber Coalition Amicus Brief (cert.) -- Facebook v. Amalgamated Bank (U.S. Supreme Court)
- U.S. Chamber Coalition Amicus Brief (merits) -- Facebook v. Amalgamated Bank (U.S. Supreme Court)
- Order -- Facebook v. Amalgamated Bank (U.S. Supreme Court)