TSC Industries v. Northway, Inc.
Citation
426 U.S. 438 (1976)
Facts
Stub — to be completed.
Issue
Stub — to be completed.
Holding
Stub — to be completed.
Rule
A fact is material if there is a substantial likelihood that a reasonable shareholder would consider it important in deciding how to vote; it need not be outcome-determinative.
Significance
Established the materiality standard for proxy statements; later applied to Rule 10b-5 claims.