New securities class actions over artificial intelligence claims and digital assets, one US Supreme Court ruling, and two high court non-rulings helped define the 2024 battlefield between investors and companies.
The high court’s sole private securities law opinion, Macquarie Infrastructure Corp. v. Moab Partners, LP, held that a “pure omission” in a Securities and Exchange Commission filing can’t give rise to a securities class action without some statement shareholders can point to that’s misleading.
The narrowly drawn April ruling sided with the conglomerate on its potential liability for not disclosing a trend affecting its business in the required filing, ...
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