Appeals Court Backs Investment Firm on Securities Disclosures

An Israeli company doesn’t have a basis to pursue claims against an investment firm that allegedly violated a disclosure requirement of the Securities and Exchange Act, a federal appeals court said Monday.

The US Court of Appeals for the Second Circuit determined that Murchinson Ltd.'s amended Schedule 13D filings rendered Nano Dimension Ltd.'s suit moot. The appeals court held that Murchinson sufficiently informed the public of its factual dispute with Nano over the shares Murchinson secured because the amended filings included Nano’s complaint and said the company’s allegations were “without merit.”

Nano is an Israeli 3D printing and manufacturing company. ...