Macquarie Infrastructure Corp. v. Moab Partners, L.P.

Macquarie Infrastructure Corp. v. Moab Partners, L.P., 601 U.S. ___ (2024), was a United States Supreme Court case in which the Court held that pure omissions are not actionable under the U.S. Securities and Exchange Commission's Rule 10b–5(b). Under Rule 10b–5(b), it is unlawful "[t]o make any untrue statement of a material fact or to omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading."

Macquarie Infrastructure Corp. v. Moab Partners, L.P.
Supreme Court of the United States
Decided Apr 12, 2024
Full case name	Macquarie Infrastructure Corp. v. Moab Partners, L.P.
Citations	601 U.S. ___ (more)
Holding
Pure omissions are not actionable under the SEC's Rule 10b–5(b).
Court membership
Chief Justice John Roberts Associate Justices Clarence Thomas · Samuel Alito Sonia Sotomayor · Elena Kagan Neil Gorsuch · Brett Kavanaugh Amy Coney Barrett · Ketanji Brown Jackson
Case opinion
Majority	Sotomayor, joined by unanimous
Laws applied
17 CFR §240.10b–5(b)

External links

• Text of Macquarie Infrastructure Corp. v. Moab Partners, L.P., 601 U.S. ___ (2024) is available from: Cornell Findlaw Justia