Forum
U.S. Supreme Court
Case Status
Pending
Docket Number
Lower Court Opinion
Questions Presented
- Under Goldman, must the contents of corrective disclosures actually reveal the falsity of misrepresentations, as the Second Circuit requires; or is it sufficient if the misrepresentations and disclosures merely relate to the same general subject, as the Third and Ninth Circuits allow?
- Under this Court’s Basic precedents, may a securities-fraud class action be certified where the plaintiff invokes the efficient-market hypothesis to establish classwide reliance, but the corrective disclosures repeat information that was already publicly available?
Case Updates
U.S. Chamber files coalition amicus brief urging Supreme Court to review Third Circuit decision allowing securities class-action plaintiffs to prove price impact with “corrective” disclosures that merely amplify already-disclosed information and do not actually reveal the falsity of the alleged misrepresentation.
March 20, 2026
U.S. Chamber Coalition Amicus Brief
Anton Metlitsky and Noah B. Bokat-Lindell of O'Melveny & Myers LLP served as outside counsel.
The Chamber previously filed an amicus brief when this case was in the Third Circuit.