Lorenzo v. SEC

Decided March 27, 2019. Stephen Gerald Breyer delivered the opinion of the Court.

Docket 17-1077 · 587 U.S. 71 · Cited 141 times

Dissemination of false or misleading statements with intent to defraud can fall within the scope of SEC Rules 10b–5(a) and (c), as well as the relevant statutory provisions, even if the disseminator cannot be held liable under Rule 10b–5(b).

The Court’s statement of the holding, from the opinion’s syllabus. The syllabus is prepared by the Reporter of Decisions and is not part of the opinion of the Court — read the official opinion for authority.

Read the official opinion (PDF, supremecourt.gov) (opens primary source in a new tab)

Stephen Gerald Breyer’s profile · All opinions since October Term 2017 · The Supreme Court

Source: Supreme Court of the United States, slip opinions (2019). Citation count from the Free Law Project’s CourtListener bulk data. Data last verified 2026-07-02. Informational only; verify against the primary source before relying. Not a consumer report (FCRA).