United States: Supreme Court Resolves Circuit Split And Holds 'Pure Omissions' Outside Reach Of Section 10(b) Liability - Kramer Levin Naftalis & Frankel LLP

Credit: Mondaq- Published 3 weeks ago

On April 12, a unanimous Supreme Court held in Macquarie Infrastructure Corp. v. Moab Partners, L.P. that material omissions are actionable under Section 10(b) of the Exchange Act...