Corporation Law
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The duty to disclose doctrine provides that people generally are liable
for omissions only if they have a duty to disclose the withheld
information. The doctrine has been applied in several contexts. For
instance, it requires corrective disclosures from those who have made
statements that are rendered misleading by subsequent events. It also
protects from liability those who come into possession of material
information but remain silent, unless they also have disclosure
obligations. Those who choose to speak, however, must speak honestly.
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Corporate and Securites Law