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This Week At The Ninth: Falsity And Fiduciaries - Litigation, Mediation & Arbitration


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This week, we examine a pair of Ninth Circuit decisions
addressing when opinions are materially false under securities law,
and what a plaintiff must plead to
 
establish
 
 
The Ninth Circuit holds that statements of opinion can be
materially false, and thus actionable under SEC Rule 14-a9, where
they convey misleading information about the speaker s basis
for holding that view.
The Panel:   Judges Fernandez,
Wardlaw, and Collins, with Judge Wardlaw writing the
opinion. 
Key highlight: 

Omnicare s elucidation of what
facts a statement of opinion may convey and the ....

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Global Warming Report: US, UK, EU Banks Dominated by Conflict of Oil Interests


The St Kitts Nevis Observer
Photo: US Coastguard. When dreams of oil weath go up in smoke. This photo is of the Deepwater Horizon disaster in the Gulf of Mexico, but hopefully lessons have been learned and Guyana will prosper with its offshore oil.
US banks are pledging to help fight the climate crisis alongside the Biden administration, but their boards are dominated by people with climate-related conflicts of interest, and they continue to invest deeply in fossil fuel projects.
Three out of every four board members at seven major US banks (77%) have current or past ties to climate-conflicted companies or organizations – from oil and gas corporations to trade groups that lobby against reducing climate pollution, according to a first-of-its-kind review by climate influence analysts for the blog DeSmog ....

United States , France General , United Kingdom , White House , District Of Columbia , The White House , Theodore Craver , John Kerry , Richard Brooks , Jami Gaither , Michael Neal , Tara Houska , Juli Kellner , Ilhan Omar , Collin Rees , Oil Change International , Edison International , Rainforest Action Network Ran , Duke Energy , Wells Fargo , Deepwater Horizon , Mississippi River , Giniw Collective , Rainforest Action Network , North American , Money Pipeline ,