Stuart J. Kaswell

Jun 4, 2024 | businesslawtoday.org | Leona Yazdidoust |Jim Sandy |McGlinchey Stafford PLLC |Stuart J. Kaswell

CURRENT MONTH (May 2024)U.S. Supreme Court Ruling Clarifies Scope of Rule 10b-5(b) Claims under Securities Exchange Act of 1934By Leona YazdidoustIn Macquarie Infrastructure Corp. v. Moab Partners, L. P., the U.S. Supreme Court held that a failure to disclose information required by Item 303 of SEC Regulation S-K (“Item 303”) cannot support a private action under Rule 10b-5(b), when the failure does not render any “statements made” misleading.

May 28, 2024 | businesslawtoday.org | Stuart J. Kaswell

The Supreme Court recently answered the question of whether an issuer’s failure to disclose important information violated Rule 10b-5(b), an important anti-fraud prohibition in the federal securities laws. In addition, one AI program was not quite ready to uncover a key distinction in that case. It is worth considering both the case and the incipient AI analysis.[1]In Macquarie Infrastructure Corp. et al. v. Moab Partners, L.

Feb 8, 2023 | businesslawtoday.org | Stuart J. Kaswell

The Netflix series Madoff: The Monster of Wall Street is a compelling and largely accurate portrayal of Bernie Madoff’s Ponzi scheme. Unlike some other depictions of the fraud, it discusses how Madoff created the image of a statesman for himself to distract regulators. Unfortunately, it glosses over some things and is incorrect about some other parts of the story. To its credit, the series does not focus exclusively on how Madoff enticed investors and institutions to entrust their money with him.