Glen Johnson

May 3, 2024 | mondaq.com | Andrew Gray |Glen Johnson

In Macquarie Infrastructure Corp. v. Moab Partners1, the U.S. Supreme Court recently resolved a split among U.S. Circuit Courts of Appeal when it unanimously held that “[s]ilence absent a duty to disclose, is not misleading under Rule 10b–5”. While “half-truths” are still actionable under that provision, a pure omission is not. The Court's opinion rested on textual and statutory construction analyses.

Dec 14, 2023 | mondaq.com | Glen Johnson |David Judson |Kelsey MacKay

In June 2019, amendments to the Canada Business Corporations Act (the CBCA) came into effect, requiring most non-publicly traded CBCA corporations to prepare and maintain a register (the ISC Register) of individuals with significant control over the corporation (ISCs). Review our previous bulletin for additional background regarding CBCA ISC requirements. We discuss two recent (and significant) developments to this register and its related requirements.