Lorenzo v. SEC’: SCOTUS Decides Misstatement Issue

New York Law Journal

Jay B. Kasner Andrew M. Lawrence Scott D. Musoff Susan L. Saltzstein

Partners Jay Kasner, Andrew Lawrence, Colleen Mahoney, Scott Musoff and Susan Saltzstein review the U.S. Supreme Court's decision in Lorenzo v. SEC, which held that a misstatement from someone who is not its "maker" can still be the basis of a fraudulent scheme claim.