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Securities Litigation Alert: Half-Truths, Not Pure Omissions : Supreme Court Limits Section 10(b) Claims Based on Item 303 Nondisclosure to Omissions That Render Affirmative Statements Misleading | Cadwalader, Wickersham & Taft LLP

On April 12, 2024, a unanimous U.S. Supreme Court issued an opinion in Macquarie Infrastructure Corp. v. Moab Partners, L. P., vacating a judgment of the U.S. Court of Appeals for the.

Disclosure Violations and Harmful Emission Regulation 2nd Circuit

Moab Partners LP v Macquarie Infrastructure Corp Second Circuit vacated lower court dismissal of claims under Section 10 b of Securities Exchange Act based on issuer alleged failure to disclose threat to business posed by regulation to reduce harmful sulfur oxide emissions

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