The Administration's efforts to correct the misstatements were feeble and belated, the judge said.
But you could have taken immediate steps to correct the misstatements in this op-ed.
In addition, the S.E.C. said in its filing, James C. Kelsoe Jr., the manager of the funds, repeatedly directed the funds to use valuations for which there was no justification during the first half of 2007, and Joseph Thompson Weller, an accountant in charge of valuing the company's funds, did nothing to correct the misstatements.
In fraud-on-the-market litigations, the focus is usually on the price change at the time of the disclosure correcting the misstatement.
Mr. Wyden said on Tuesday that he had sent his question to Mr. Clapper's office a day before the hearing, and had given his office a chance to correct the misstatement after the hearing, but to no avail.
One plausible approach would be for the courts to impose the same burden of proof on defendants seeking to rebut the presumption of reliance by showing that the disclosure correcting the misstatement did not have a negative effect on price as the burden imposed on plaintiffs seeking to establish loss causation by showing that the corrective disclosure did have such an effect.
WASHINGTON ― The Commission on Presidential Debates has said that it doesn't consider it a moderator's duty to correct the lies or misstatements of a presidential candidate, so we're going to try to do it ourselves.
Mr. Tourre, his lawyers argued, corrected that misstatement in offering documents that followed, calling that slice N/A or not applicable.
