US Prospectus Liability – An Overview and Critique
ORCID (Links to author’s additional scholarship at ORCID.org)
This article addresses prospectus liability in the United States. The key statutes and Securities and Exchange Commission (SEC) rules and regulations are examined in conjunction with analysis of the causes of action and defenses that are applicable. While the US prospectus framework is thorough, substantial gaps exist that should be remedied. The article accordingly focuses on principal aspects of US prospectus liability exposure and proffers recommendations for improving the overall framework.
Journal of European Tort Law
Marc I. Steinberg, US Prospectus Liability – An Overview and Critique, J. European Tort L. (2023)