Skip to main contentUnresolvableRemandedDefendant WinMixed ResultSettlement
Omnicare, Inc. v. Laborers Dist. Council Constr. Industrypension Fund
U.S. Supreme CourtOctober 2, 2014No. No. 13–435.
Defendant WinOmnicare, Inc.
Case Details
- Status
- Published
- Procedural Posture
- Reversed from lower court; Supreme Court decision on securities law standards
- Circuit
- Federal Circuit
Related Laws
No specific laws identified for this ruling.
Outcome
Supreme Court reversed lower court decisions, holding that securities fraud claims under Section 10(b) of the Securities Exchange Act require scienter and rejecting the plaintiff fund's theory of liability based on negligent misstatements in proxy materials.
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