Bradley Nash Quoted in Law360 Insurance Authority on Macquarie Infrastructure Corp. v. Moab Partners, L.P.

Bradley Nash spoke with Law360 Insurance Authority about potential implications for Directors and Officers insurance in the wake of the Supreme Court’s recent decision in Macquarie Infrastructure Corp. v. Moab Partners, L.P., which clarifies that a “pure omission” in an SEC filing cannot give rise to a securities fraud claim under Rule 10(b)(5). Brad explains that while the decision eliminates “one arrow” from “the quiver of the plaintiff’s bar,” it is unlikely to have a dramatic effect on securities fraud litigation covered by D&O insurance, as plaintiffs’ lawyers will often find ways to plead claims based on an actionable “half-truth” rather than a “pure omission.”  Read the full article here.