1st Circuit: Broad Reading of Rule 10b-5 Nixed
In a March 10 ruling in Securities and Exchange Commission v. Tambone, the en banc 1st Circuit rejected a broad interpretation of SEC Rule 10b-5.
4th Circuit: Female Trucker Wins Bias Suit
Deborah Merritt worked for Old Dominion Freight Line as a long-haul truck driver for six years but wanted to become a pickup and delivery driver, which would allow her to stay closer to home and work more regular hours. Temporary stints in the role earned Merritt compliments from clients. But managers twice passed her over and promoted less-experienced males to the position.