Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Friday, February 2, 2007

Highest NY Court to Consider Form U-5 Privilege Issue

An important and unresolved question is whether securities firms can be sued for libel if the information they are required to disclose on Form U-5 about an employee's employment termination is incorrect.  The New York Court of Appeals will hear arguments in a case this month that should resolve the split among New York courts between an absolute and a qualified privilege.  WSJ gives background on the issue in  Some Brokers Can't Flee Past.

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