Quotes · Quote card
Quotation from TSC Industries, Inc. v. Northway, Inc. by Supreme Court of the United States
“Put another way, there must be a substantial likelihood that the disclosure of the omitted fact would have been viewed by the reasonable investor as having significantly altered the "total mix" of information made available.”
TSC Industries, Inc. v. Northway, Inc., Opinion of the Court (Justice Marshall), Part II-C (U.S. Reports text (Legal Information Institute))
Justice Marshall restates the standard in the total-mix formulation later quoted in countless cases.
Citation: "Put another way, there must be a substantial likelihood that the disclosure of the omitted fact would have been viewed by the reasonable investor as having significantly altered the "total mix" of information made available." — Supreme Court of the United States, TSC Industries, Inc. v. Northway, Inc., Opinion of the Court (Justice Marshall), Part II-C (U.S. Reports text (Legal Information Institute)). (id tsc-industries-v-northway-q5)
Portrait: Thurgood-marshall-2, Robert S. Oakes, Public domain.
