
Ninth Circuit Addresses the Scope of Section 12(a)(2) Liability for Misleading Opinion Statements Under Omnicare
On June 10, 2025, the U.S. Court of Appeals for the Ninth Circuit Pino v. Cardone Capital, LLC[1] reversed in part the dismissal of claims brought under the Securities Act of 1933 based on statements made in connection with two Regulation A offerings. …