Skadden Discusses Scotus Ruling That Omissions Not Actionable Under Section 10(B) of Exchange Act

Partners Jay Kasner, Scott Musoff, Susan Saltzstein and Michael Hines discuss a recent Supreme Court ruling that reversed and vacated the Second Circuit’s decision in Macquarie Infrastructure Corp. v. Moab Partners, L.P., holding that “[p]ure omissions are not actionable under Rule 10b–5(b).”