When can a company’s silence support a Rule 10b-5 claim? The U.S. Supreme Court will consider that question next term in Leidos Inc. v. Indiana Public Retirement System. The case is generating buzz because it could expand the universe of omissions actionable under the judicially created private right of action for securities fraud.
Murphy & McGonigle keeps putting on the pounds and won the "Brunswick Stew Award"!
The WannaCry ransomware, also known as Wanna Decryptor, WanaCrypt0r, WannaCrypt, Wana Decrypt0r and WCry, has infected more than 200,000 devices worldwide. The attacks affected banks, hospitals, ISPs, government agencies, transportation companies and manufacturing plants.
Businesses and regulators alike continued to scramble Monday to manage the fallout from a massive worldwide cyberattack and to figure out ways to prevent it from happening again. But experts say that a focus on collaboration and creativity, rather than trying to come up with a uniform global security standard, is likely to be the most attainable and effective path forward.
Murphy & McGonigle commend FINRA for seeking comment in the Special Notice published on March 21, 2017, regarding potential enhancements to its programs for engagement with its members, the public, and other interested parties, in fulfilling FINRA's self-regulatory responsibilities.