Responsabilidade civil por divulgação de informação falsa ou enganosa ou omissão de informação relevante no mercado de valores mobiliários

Resumo

The present dissertation aims to study the repair of damages suffered in the securities market caused by the disclosure of false or misleading information by public companies. Based on the role of information in the formation of securities prices, and the damages that may be caused by the dissemination of false or misleading information, we analyze the issue from a civil liability perspective. The issue has received little attention so far in our country, and only recently has it attracted more attention due to private actions filed by investors abroad in the face of important Brazilian public companies, with some development in our country. To further our knowledge, we conduct comparative law research by examining the treatment given in the United States and France to cases of false or misleading information in the securities market. We have verified the existing differences and barriers to the effective compensation of damages in the securities market, concluding that, although the courts of these countries have shown willingness in protecting the injured interests, reparation has been elusive. We identified the liability of the issuing company as a problematic issue, because in this case there is in fact no compensation of damages, but, rather, the socialization of losses, although this may be overcome or mitigated by means of civil liability insurance and/or creation of a compensation fund for damages in the securities market.

Ficha do documento

Tipo

Dissertação

Ano

2018

Instituição

Fundação Getulio Vargas

Fonte

Repositório da FGV

Idioma

Português

Acesso

Acesso aberto

Identificador

oai:repositorio.fgv.br:10438/24760

Palavras-chave

False or misleading informationSecuritiesComparative lawCivil responsibilityPublic companyInformação falsa ou enganosaValores mobiliáriosDireito comparadoResponsabilidade civilCompanhia abertaDireitoMercado de valores mobiliáriosMercado de valores mobiliários - Brasil - LegislaçãoResponsabilidade (Direito)Verdade e falsidade