This amendment contains only technical and conforming changes that have been agreed to by the majority and minority. The amendments clarify that disclosure is required for both proposed and final settlements, and that such disclosures includes a statement of potential damages per share. They also prevent settlement discharge bar orders from prohibiting a defendant from using an indemnification agreement or suing a subordinate. The amendments clarify that the new section 10A applies only to actions under old section 10(b) and make certain other technical and conforming changes.
Jack Fields: “This amendment contains only technical and conforming changes that have been agreed to by the majority and minority. The…”
Editor's note · Context
Discussing amendments related to disclosure requirements and technical changes in legislation.
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