Forum
U.S. Supreme Court
Case Status
Decided
Docket Number
Term
2018 Term
Oral Argument Date
December 03, 2018
Lower Court Opinion
Questions Presented
Whether a misstatement claim that does not meet the elements set forth in Janus Capital Group, Inc. v. First Derivative Traders can be repackaged and pursued as a fraudulent scheme claim. The Circuits have split 3-2 on this question.
Case Updates
U.S. Supreme Court holds that individuals who disseminate false or misleading statements to potential investors with the intent to defraud may be charged with violating subsections (a) and (c) of SEC Rule 10b-5
March 27, 2019
Click here to view the opinion.
U.S. Chamber files merits stage amicus brief arguing Supreme Court should reverse D.C. Circuit judgment permitting Rule 10b-5 liability
August 27, 2018
Click here to view the brief filed by the U.S. Chamber and Securities Industry and Financial Markets Association.
Daniel A. McLaughlin, Carter G. Phillips, Kwaku A. Akowuah, and Kurt A. Johnson of Sidley Austin LLP served as co-counsel for the U.S. Chamber of Commerce on behalf of the U.S. Chamber Litigation Center.
Case Documents
- Cert. Petition -- Lorenzo v. SEC (U.S. Supreme Court).pdf
- Appendix -- Lorenzo v. SEC (U.S. Supreme Court).pdf
- Brief for the Respondent in Opposition -- Lorenzo v. SEC (U.S. Supreme Court).pdf
- Reply Brief for Petitioner -- Lorenzo v. SEC (U.S. Supreme Court).pdf
- Brief for Petitioner -- Lorenzo v. SEC (U.S. Supreme Court).pdf
- Joint Appendix -- Lorenzo v. SEC (U.S. Supreme Court).pdf
- Securities Law Professors Amicus Brief -- Lorenzo v. SEC (U.S. Supreme Court).pdf
- U.S. Chamber and SIFMA Amicus Brief -- Lorenzo v. SEC (U.S. Supreme Court).pdf
- Transcript of Oral Argument -- Lorenzo v. SEC (U.S. Supreme Court).pdf
- Opinion -- Lorenzo v. SEC (U.S. Supreme Court) .pdf