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Expert Analysis

Risk Disclosure Issue Remains After Justices Nix Meta Case

By Thomas Redburn and Maya Ginsburg ( December 9, 2024, 4:55 PM EST) -- On Nov. 22, in a terse one-page order, the U.S. Supreme Court dismissed the writ of certiorari in Facebook Inc. v. Amalgamated Bank, one of two private securities fraud cases the court had agreed to hear this term,[1] as improvidently granted. The unexplained move comes after the court received a full merits briefing and heard oral argument, raising eyebrows among court watchers and securities litigation practitioners....

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