Amici Tell High Court SEC Disclosure Rule Can’t Form Basis Of Private Claims

Mealey's ( November 27, 2023, 2:22 PM EST) -- WASHINGTON, D.C. — Three business groups jointly filed an amicus curiae brief before the U.S. Supreme Court in support of an infrastructure company, echoing the company’s argument that a failure to comply with a Securities and Exchange Commission rule requiring disclosure of management analysis of a company’s financial situation is unsuitable to form the basis of a private claim under federal securities laws....

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