United States: The Bounds Of Silence: Pure Omissions Are Not Actionable Under Rule 10b-5(b) - Manatt, Phelps & Phillips LLP

In the context of a purchase or sale of a security, Rule 10b-5(b) (17 CFR § 240.10b-5(b)) makes it unlawful "[t]o make any untrue statement of a material fact or to omit to state...