Lorenzo v. SEC – Court Rules with SEC in Rule 10b-5 “Copy and Paste Scheme Liability” Case 15:31, April 18, 2019

Date: April 2019

In Lorenzo v. SEC,[1]the Supreme Court recently held an individual who knowingly disseminates false and misleading information to prospective investors with the intent to defraud may be held liable under subsections (a) and (c) of Rule 10b-5, which are often referred to as the “scheme liability” provisions of the Rule.  Such liability applies even though […]

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On March 20, 2019, the United States Supreme Court held in Obduskey v. McCarthy & Holthus LLP, 586 U.S. —- (2019) (case no. 17-1307) that a law firm only conducting a non-judicial (i.e., public trustee) foreclosure is not a “debt collector” under the Fair Debt Collection Practice Act (the “Act”). However, such proceedings do fall […]

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The Colorado Supreme Court recently made significant changes to Colorado Rules of Civil Procedure 16.1, Simplified Procedure for Civil Actions (Simplified Procedure). The two most important changes concern the elimination of the voluntary exclusion provision and the amount of discovery of that is allowed in Simplified Procedure cases. As it stands, the rule now automatically […]

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