JP Morgan Securities, et al. v. Geveran Investments Limited
Published on:
September 12, 2016
SIFMA has submitted an Amicus “Friend of the Court” Brief.
Court:
Florida Court of Appeal (Fifth District)
Amicus Issue:
Whether underwriters and advisors who help Florida companies issue securities are liable for any misstatement or omission made by the company under the Florida Securities and Investor Protection Act (FSIPA) – a provision similar to Federal Rule 10b-5 – even if the financial advisors reasonably believed the company’s statement was true, and even where the plaintiff didn’t rely on the statement.
Counsel of Record:
Simpson Thacher & Bartlett LLP
Jonathan K. Youngwood
Kavitha S. Sivashanker
Stephen A. O’Connor
Other Amici:
None.