James Warnot

Apr 29, 2024 | mondaq.com | Patrick Ashby |Adam R. Lurie |James Warnot

Resolving a split among the circuit courts, the U.S. Supreme Court has issued a unanimous decision in Macquarie Infrastructure Corp. v. Moab Partners limiting a private plaintiff's ability to bring claims based on "pure omissions" in a public company's disclosure documents under the U.S. federal securities laws.

Jul 10, 2023 | mondaq.com | Patrick Ashby |Adam R. Lurie |Douglas Tween |James Warnot

Summary The U.S. Supreme Court has issued two major decisions on the False Claims Act ("FCA") this month. In United States ex rel. Schutte v. SuperValu, Inc. and United States ex rel. Proctor v. Safeway, Inc., the Court rejected an "objective reasonableness" knowledge standard in cases where the false claim is based on an alleged misrepresentation of compliance with an ambiguous legal requirement, in favor of one based on the defendant's subjective belief about that requirement.