TSC Industries, Inc. v. Northway, Inc.
GPTKB entity
Statements (72)
| Predicate | Object |
|---|---|
| gptkbp:instance_of |
gptkb:legal_case
|
| gptkbp:bfsLayer |
5
|
| gptkbp:bfsParent |
gptkb:Rule_10b-5
|
| gptkbp:case_types |
civil case
available in legal databases summarized in legal textbooks part of legal precedent involved financial disclosures No. 96-1231 frameworks for assessing materiality standards for investor protection |
| gptkbp:consequences |
implications for corporate disclosures
shaped securities fraud litigation |
| gptkbp:court |
gptkb:Washington,_D._C.
gptkb:United_States_Supreme_Court |
| gptkbp:decided_by |
gptkb:1997
gptkb:legal_case reversed and remanded |
| gptkbp:docket_number |
96-1231
|
| gptkbp:effective_date |
1997-06-30
|
| gptkbp:historical_debate |
1996-11-12
|
| https://www.w3.org/2000/01/rdf-schema#label |
TSC Industries, Inc. v. Northway, Inc.
|
| gptkbp:impact |
gptkb:municipality
influenced securities regulation |
| gptkbp:is_cited_in |
cited in numerous cases
TSC Industries, Inc. v. Northway, Inc., 426 U. S. 438 (1997) 426 U. S. 438 |
| gptkbp:is_involved_in |
Northway, Inc.
TSC Industries, Inc. |
| gptkbp:judges |
gptkb:Justice_William_H._Rehnquist
|
| gptkbp:judging_criteria |
upheld by Supreme Court
5-4 decision |
| gptkbp:judicial_review |
reviewed by Supreme Court
reviewed in legal journals |
| gptkbp:legal_issue |
gptkb:Securities_Exchange_Act_of_1934
discussed in legal forums materiality in disclosure requirements materiality standard in securities law consequences for misleading information context of securities regulation established standards for materiality framework for evaluating disclosures guidelines for corporate behavior materiality standard in securities fraud outcomes for securities litigation principles established for materiality |
| gptkbp:legal_representation |
analyzed by legal scholars
law firms involved examined investor decision-making |
| gptkbp:legislation |
gptkb:Rule_10b-5
|
| gptkbp:material |
involved allegations of misleading statements
|
| gptkbp:notable_event |
gptkb:Basic_Inc._v._Levinson
|
| gptkbp:outcome |
resolved
discussed in law reviews reversed and remanded influenced future litigation reversed lower court's ruling affected investor protections clarified materiality standard critical for investor rights important for securities law increased scrutiny on disclosures influenced SEC enforcement actions influenced SEC regulations reaffirmed importance of accurate disclosures significant for corporate governance |
| gptkbp:precedent |
established legal precedent for future cases
materiality in disclosure requirements subsequent securities fraud cases |
| gptkbp:public_perception |
gptkb:Justice_John_Paul_Stevens
gptkb:Justice_William_H._Rehnquist |
| gptkbp:resolution |
determined materiality in context of reasonable investor
|