Law360 - “Lawyers Weigh In On High Court’s Omnicare Decision”

Trace Schmeltz of the Chicago office was one of 18 attorneys featured in a Law360 article, “Lawyers Weigh In On High Court’s Omnicare Decision,” saying, in part, “The Omnicare decision today supports well-established and common principles in securities fraud jurisprudence that, quite frankly, the Sixth Circuit just got wrong. By clarifying that an opinion is not a statement of fact and, thus, is only actionable if the speaker did not actually hold that opinion, the Supreme Court hewed closely to the text of Section 11.” Read the full quote.