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Supreme Court cabins scope of Rule 10b-5(b) liability for omissions
Reuters· 6 days agoIn a unanimous decision issued in April 2024, the Supreme Court in Macquarie Infrastructure ...
Supreme Court: Pure Omissions Cannot Support Rule 10b-5(b) Liability | JD Supra
JD Supra· 3 days agoOn April 12, 2024, the Supreme Court of the United States unanimously held in Macquarie Infrastructure Corp. v. Moab Partners, L.P. that pure omissions ...
JD Supra: Supreme Court Holds that Pure Omissions Cannot Support a Private Cause of Action Under SEC...
JD Supra· 13 hours agoAfter hearing arguments on January 16, 2024, the Supreme Court issued its unanimous opinion on Macquarie Infrastructure Corp., et al. v. Moab Partners, ...
JD Supra: Supreme Court Holds “Pure Omissions” Are Not Actionable Under Rule 10b-5(b)
JD Supra· 2 days agoIn Macquarie Infrastructure Corp. v. Moab Partners, No. 22-1165, 2024 WL 1588706 (U.S. Apr. 12, 2024) (“MIC”), the United States Supreme Court (Sotomayor, J.) held unanimously that...
Inside the Courts – An Update From Skadden Securities Litigators - May 2024 | JD Supra
JD Supra· 3 days agoOn April 12, 2024, the U.S. Supreme Court unanimously reversed and vacated the Second Circuit’s decision in Macquarie Infrastructure Corp. v. Moab Partners ...
Top 5 SEC Enforcement Developments for April 2024 | JD Supra
JD Supra· 5 days agoEach month, we publish a roundup of the most important SEC enforcement developments for busy in-house lawyers and compliance professionals. The SEC’s initial observations regarding investment ...
Malaysia Airports Shareholder Expresses Doubt on Takeover Bid
Bloomberg via Yahoo Finance· 5 days ago(Bloomberg) -- Northcape Capital Ltd. said a bid by major shareholders to take Malaysia Airports...
Siemens Energy plans to sell Indian wind business at $1bn valuation
Power Technology via Yahoo Finance· 6 days agoBarclays is overseeing the sale process, with potential buyers including Adani Renewable Energy,...
Water investors have withdrawn billions from private companies, analyst claims
The Independent via Yahoo News· 6 days agoShareholder investment in top 10 water and sewage firms has decreased by £5.5bn since privatisation....
High Court Says “Pure Omissions” on Public Disclosures Not Actionable Under Rule 10b-5(b) | JD Supra
JD Supra· 3 days agoIn Macquarie Infrastructure Corp. v. Moab Partners, L.P., shareholder Moab Partners alleged Macquarie misled investors under Rule 10b ...