3rd Circ. Decision Limits Liability Of Board Observers

By Lori Smith, Ryan Udell and Adam Chelminiak ( August 9, 2019, 3:17 PM EDT) -- In Obasi Investment Ltd. v. Tibet Pharmaceuticals Inc.[1], the U.S. Court of Appeals for the Third Circuit evaluated potential liability of two board observers for material omissions of negative financial information about Tibet Pharmaceuticals in connection with the corporation's initial public offering....

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.

A Law360 subscription includes features such as