Disclosure of Executive Illnesses Under Federal Securities Law and the Americans With Disabilities Act of 1990: Hobson’s Choice or Business Necessity?

Authors

Andrew K. Glenn, Benjamin N. Cardozo School of Law

Abstract

Since the enactment of the Securities Act of 1933 (the "Securities Act") and the Securities Exchange Act of 1934 (the "Exchange Act") (collectively, the "Securities and Exchange Acts"), the Securities and Exchange Commission ("SEC"), Congress, and federal courts have increased both the scope and quantity of information to be disclosed to the investing public. The duty of disclosure, however, is not without limitation or qualification. Substantively, an issuing corporation ("issuer") need only disclose information that is "material." Disclosures must be lucid, concise, and comprehensible to the average investor.

Disciplines

Courts | Law | Securities Law

Recommended Citation

Andrew K. Glenn, Disclosure of Executive Illnesses Under Federal Securities Law and the Americans With Disabilities Act of 1990: Hobson’s Choice or Business Necessity?, 16 Cardozo L. Rev. 537 (1994).
Available at: https://larc.cardozo.yu.edu/clr/vol16/iss2/8