Supreme Court hears arguments on disclosure of adverse drug reactions, water rights
[JURIST] The US Supreme Court [official website; JURIST news archive] heard oral arguments [day call, PDF; merit briefs] Monday in Matrixx v. Siracusano [oral arguments transcript, PDF; JURIST report] on a pharmaceutical company’s obligation under 10(b) of the Securities Exchange Act and SEC Rule 10b-5 [texts] to disclose reports of patients’ adverse reactions when the number of incidents is statistically insignificant. The US Court of Appeals for the Ninth Circuit [official website] held [opinion, PDF] that the inference that Matrixx…