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Replies to post #324706 on Avid Bioservices Inc (CDMO)
biopharm
08/14/18 3:27 PM
#328056 RE: bfiest #324706
The Supreme Court upheld in 2011 a previous ruling that if “disclosure of the omitted fact would have been viewed by the reasonable investor as having significantly altered the ‘total mix’ of information made available,” a public company’s failure to reveal certain information is considered “material” and could potentially subject it to civil and criminal investigation.