Bass, Berry & Sims attorneys Joe Crace and Brant Phillips co-authored an article titled, “SCOTUS Tackles When a Statement of Opinion is Actionable Under the 1933 Act,” that was published by InsideCounsel on March 24. The article discusses the 6th Circuit decision in Indiana State District Council of Laborers v. Omnicare, which held that the strict liability provisions of Section 11 of the 1933 Act do apply to statements that traditionally constituted “soft” information, such as statements of opinion. The Supreme Court will review the 6th Circuit decision during its next term.

The full article is available on the InsideCounsel website.