Arata Kaku- McGowan

Apr 26, 2024 | mondaq.com | Nicholas O'Keefe |Jessica S. Lochmann |Philip C. Babler |Arata Kaku- McGowan

Court rejects failure to disclose information required under Regulation S-K Item 303 as basis for Rule 10b-5 claim, holds that unlike "half-truths," "pure omissions" are not actionable under Rule 10b-5 On April 12, 2024, the United States Supreme Court delivered an important decision on the issue of whether a failure to make disclosure required under Item 303 of Regulation S-K can support a Rule 10b-5 claim, even in the absence of an otherwise-misleading statement.