Duty to Update Previously Disclosed Information | Practical Law
An examination of the duty of an issuer to update disclosure that was accurate when made but has become inaccurate in light of later developments. This Article examines cases where courts have found a duty to update under certain circumstances even though under the federal securities law there is no specific duty to update. Typical examples of when a company may be faced with a decision regarding the application of the duty to update and best practices for a company to follow are also set out in this Article.