On June 10, 2024, the Supreme Court agreed to review a Ninth Circuit decision that holds companies liable for failing to include irrelevant and stale information in their forward-looking risk disclosures. The decision was a success for WLF, which filed an amicus brief with the Court urging review. As WLF explains in its amicus brief urging review, if left in place the Ninth Circuit’s ruling will force companies to overdisclose risks about immaterial past incidents, which will confuse investors who must navigate a company’s SEC filings to find information relevant to their investment decisions. WLF’s brief was prepared with the pro bono assistance of Lyle Roberts, George Anhang, William Marsh, and Danielle Vorbrodt of A&O Shearman.
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