Business, Management and Accounting
4 years ago

Section 11 Liability Fails to Adapt to Modern Disclosure Environment.

Law and Contemporary Problems
Deconstructing Section 11: Public Offering Liability in a Continuous Disclosure Environment
Donald C. Langevoort

Paper Summary

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The article discusses how the liability scheme in public offerings was not changed as predicted, even when Section 11 was broadly interpreted in the 1960s.