Government Allowed To Participate In Securities Suit Appeal Oral Arguments

(October 10, 2017, 1:20 PM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court on Oct. 10 granted Acting Solicitor General Noel Francisco’s motion for leave to participate in oral arguments as amicus curiae and for divided argument in a securities class action lawsuit challenging a federal appellate court’s ruling that Item 303 of Securities and Exchange Commission Regulation S-K creates a duty to disclose that is actionable under federal securities law (Leidos Inc., v. Indiana Public Retirement System, et al., No. 16-581, U.S. Sup.)....