The Court threw companies a bone in an age of increasing discourse over what should be disclosed publicly.
Share on linkedin The U.S. Supreme Court on Friday ruled that shareholders can't sue companies under federal fraud law for not disclosing information about future risks — unless the omission makes another statement misleading.SCOTUS threw companies a big bone in an age of increasing discourse over what they should disclose beyond traditional financials.
A ruling the other way could have amped up the concerns of company execs about the SEC's climate disclosure rules — currently on pause — which leave it up to companies to determine what information is material, and thus should be disclosed.in a lawsuit filed by Moab Partners back in 2018. Moab sued Macquarie for not disclosing that its revenue was vulnerable to a phase-out of high-sulfur freighter fuel between 2016 and 2018.
SCOTUS reversed an earlier decision by the New York-based 2nd U.S. Circuit Court of Appeals to allow Moab's class action suit to proceed.— which requires companies to disclose "known trends or uncertainties that have had or that are reasonably likely to have a material favorable or unfavorable impact" in their regulatory filings — can amount to violating the anti-fraud provisions of the 1934 Securities and Exchange Act., and that it would create even more confusion for investors.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Michael Jackson's Son Bigi Takes Grandmother Katherine to Court Over Appeal Spat in Estate CaseBlanket 'Bigi' Jackson on Monday filed court documents in Los Angeles County Superior Court.
続きを読む »
LA Superior Court system facing massive court reporter shortageThere are more than 100 court reporter jobs available in the LA County Superior Court system.
続きを読む »
Appeals court blocks Texas immigration law after Supreme Court actionLawrence Hurley covers the Supreme Court for NBC News.
続きを読む »
Ohio Supreme Court primary begins as Democrats try to flip court from Republican controlThe Democratic primary for one of Ohio's Supreme Court seats has begun. The state's Supreme Court has a 4-3 Republican majority, but Democrats hope to flip that in their favor.
続きを読む »
Ohio Supreme Court primary with 2 Democrats kicks off long campaign over court's partisan controlThe Democratic primary for one of three contested seats on the Ohio Supreme Court will kick off a high-stakes battle for partisan control of the court this fall. The court currently has a 4-3 Republican majority. To flip that, Democrats must sweep the races in November by retaining two incumbents and winning an open seat.
続きを読む »
Ohio Supreme Court primary with 2 Democrats kicks off long campaign over court's partisan controlThe Democratic primary for one of three contested seats on the Ohio Supreme Court will kick off a high-stakes battle for partisan control of the court this fall
続きを読む »