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Email On April 12, 2024, a unanimous U.S. Supreme Court issued an opinion in Macquarie Infrastructure Corp. v. Moab Partners, L. P., vacating a judgment of the U.S. Court of Appeals for the Second Circuit that had reinstated claims under Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder based on an issuer’s alleged failure to disclose business risks posed by an environmental regulation. https://www.cadwalader.com/resources/clients-friends-memos/securities-litigation-alert-half-truths-not-pure-omissions--supreme-court-limits-section-10b-claims-based-on-item-303-nondisclosure-to-omissions-that-render-affirmative-statements-misleading