FASB’s Invitation to Comment – Agenda Consultation
SIFMA provided comments to the Financial Accounting Standards Board (FASB) on its Invitation to Comment - Agenda Consultation (the “ITC”).
Court:
U.S. Supreme Court
(pet. for writ of cert.)
Amicus Issue:
Whether applicability of the class action bar under the Securities Litigation Uniform Standards Act (SLUSA) – which requires that the misrepresentation or omission was “in connection with the purchase or sale” of a covered security – requires an inquiry into the materiality of the alleged misrepresentation or omission.
Counsel of Record:
Morrison & Foerster LLP
Joseph R. Palmore
Adam L. Sorensen
Other Amici:
U.S. Chamber of Commerce
Financial Services Institute
SIFMA provided comments to the Financial Accounting Standards Board (FASB) on its Invitation to Comment - Agenda Consultation (the “ITC”).
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