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

The CLS Blue Sky Blog

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

Partners Jay Kasner, Scott Musoff, Susan Saltzstein and Michael Hines discuss a recent Supreme Court ruling that reversed and vacated the Second Circuit’s decision in Macquarie Infrastructure Corp. v. Moab Partners, L.P., holding that “[p]ure omissions are not actionable under Rule 10b–5(b).”