Bass, Berry & Sims’ W. Brantley Phillips and Shayne R. Clinton explain the recent Supreme Court decision in Janus Capital Group, Inc. v. First Deriv. Traders, Inc. in a Thomson Reuters News & Insight securities blog post, published on November 1, 2011. Using examples, Mr. Phillips and Mr. Clinton show how lower courts have analyzed how to apply Janus with corporate insiders and the extent to which insiders have ultimate authority over any alleged false statements attributable to a company.