Michael Hines

May 22, 2024 | lexology.com | Anita Bandy |Arthur Bookout |James Carroll |Christopher Clark |Eben P. Colby |Abigail Davis | +27 more

Key PointsOn April 12, 2024, the U.S. Supreme Court unanimously reversed and vacated the Second Circuit’s decision in Macquarie Infrastructure Corp. v. Moab Partners LP.

Apr 15, 2024 | jdsupra.com | Michael Hines |Jay Kasner |Scott Musoff

On April 12, 2024, the Supreme Court unanimously reversed and vacated the Second Circuit’s decision in Macquarie Infrastructure Corporation v. Moab Partners, L.P. Justice Sonia Sotomayor delivered the opinion for the Court.

Mar 6, 2023 | reuters.com | Virginia Milstead |Michael Hines |Camille Brown

March 6, 2023 - Section 12 of the Securities Act of 1933 imposes liability on a person who "offers or sells" unregistered securities or registered securities "by means of a prospectus or oral communication" containing material misstatements or omissions to "the person purchasing such security from him." 15 U.S.C. § 12(a). A person can qualify as a seller under the statute if he or she passes the security's title to the plaintiff or solicits the plaintiff's purchase of the securities.

Mar 6, 2023 | today.westlaw.com | Virginia Milstead |Michael Hines |Camille Brown

(March 6, 2023) - Virginia Milstead, Michael Hines and Camille Brown of Skadden, Arps, Slate, Meagher & Flom LLP discuss the emerging circuit court split over whether mass communications on social media can make a person a statutory seller under Section 12 of the Securities Act.