Corporate Silence

  • Supreme Court Says Corporate Silence On Impactful Trends Not Securities Fraud

    The U.S. Supreme Court’s unanimous ruling, penned by Justice Sonia Sotomayor, grants Macquarie Infrastructure a victory, barring shareholders from suing for fraud solely based on a breach of disclosure rules. The case centered on allegations that Macquarie failed to divulge the risk posed by an international phasing out of high-sulfur fuel oil from 2016 to…