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Supreme Court Rejects “Statistical Significance” as Threshold for Required Securities Disclosure

insights April 6, 2011

In Matrixx Initiatives et al. v. Siracusano et al, the unanimous Court held that a pharmaceutical company may be liable for securities fraud by failing to disclose a statistically insignificant number of adverse reactions to a cold medication.   The Supreme Court issued a decision on March 22, 2011 that may help securities class action plaintiffs…

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