Roger Barton Published in Thomson Reuters: “Supreme Court debates private right of action, half-truths, and omissions”

In the dispute at the center of Macquarie Infrastructure Corp. v. Moab Partners, L.P., the Supreme Court recently heard arguments in a case that could potentially expand the right of private action for shareholders under SEC Rule 10b-5. In this article, Roger provides background for the case and examines the points made by the petitioners and respondents in their oral arguments before the Supreme Court, most of which revolved around how to interpret and apply terms such as “half-truth,” “pure omission,” and “misleading statement.”

You can read the full article here.