ELR Citation: ELR 20556
No(s). 89-7949 (2d Cir. Feb 15, 1991)

The court holds that a contractual indemnification provision relieved a corporation of its duty under §10 of the Securities Exchange Act (SEA) and under Securities and Exchange Commission Rule 10b-5 to disclose publicly that its subsidiary failed to comply with state and federal environmental laws ...