By Daniel Levy and Pavithra Kumar ( July 23, 2024, 4:59 PM EDT) -- The U.S. Supreme Court recently ruled in Macquarie Infrastructure Corp. v. Moab Partners LP that claims based on "pure omissions are not actionable under Rule 10b-5(b)" even where a U.S. Securities and Exchange Commission rule or regulation requires disclosure. Instead, to be actionable, an omission must make other separate "affirmative assertions (i.e., 'statements made')" misleading — a "half-truth."[1]...
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