Jay B. Kasner, Scott D. Musoff, Susan L. Saltzstein and Michael S. Hines

Skadden Discusses Scotus Ruling That Omissions Not Actionable Under Section 10(b) of Exchange Act

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On April 12, 2024, the Supreme Court unanimously reversed and vacated the Second Circuit’s decision in Macquarie Infrastructure Corporation v. Moab Partners, L.P. Justice Sonia Sotomayor delivered the opinion for the Court. The issue presented was whether the failure to …