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Macquarie Infrastructure Corp. v. Moab Partners, L.P.

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2024 United States Supreme Court case
Macquarie Infrastructure Corp. v. Moab Partners, L.P.
Supreme Court of the United States
Decided Apr 12, 2024
Full case nameMacquarie Infrastructure Corp. v. Moab Partners, L.P.
Citations601 U.S. ___ (more)
Holding
Pure omissions are not actionable under the SEC's Rule 10b–5(b).
Court membership
Chief Justice
John Roberts
Associate Justices
Clarence Thomas · Samuel Alito
Sonia Sotomayor · Elena Kagan
Neil Gorsuch · Brett Kavanaugh
Amy Coney Barrett · Ketanji Brown Jackson
Case opinion
MajoritySotomayor, joined by unanimous
Laws applied
17 CFR §240.10b–5(b)

Macquarie Infrastructure Corp. v. Moab Partners, L.P., 601 U.S. ___ (2024), was a United States Supreme Court case in which the Court held that pure omissions are not actionable under the U.S. Securities and Exchange Commission's Rule 10b–5(b). Under Rule 10b–5(b), it is unlawful "o make any untrue statement of a material fact or to omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading."

References

  1. Macquarie Infrastructure Corp. v. Moab Partners, L.P., 601 U.S. ___ (2024)
  2. "Justices limit securities liability for omission of material facts". SCOTUSblog. 2024-04-16. Retrieved 2024-10-17.

External links

  • Text of Macquarie Infrastructure Corp. v. Moab Partners, L.P., 601 U.S. ___ (2024) is available from: Cornell Findlaw Justia
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