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"Half-Truths," Not "Pure Omissions": Supreme Court Limits Section 10(b) Claims Based on Item 303 Nondisclosure to Omissions That Render Affirmative Statements Misleading | Cadwalader, Wickersham & Taft LLP

On April 12, 2024, a unanimous U.S. Supreme Court issued an opinion in Macquarie Infrastructure Corp. v. Moab Partners, L.P., vacating a Second Circuit judgment that had reinstated...
Justice Sotomayor Ellen Holloman Victor Celis Jason Halper Diane Lee Adam Magid

Third Circuit CFPB Enforcement Action Student Loan Trust Appeal

Third Circuit appeal in Consumer Financial Protection Bureau v. The National Collegiate Master Student Loan Trusts filed by defendants The National Collegiate Student Loan Trusts and certain interveners. Third Circuit agreed to hear two certified questions under CFPA.
United States Stephanos Bibas Victor Celis Ellen Holloman Maryellen Noreika National Collegiate Student Loan Trusts The

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Third Circuit Finds Student Loan Trusts Covered Persons under CFPA

Consumer Financial Protection Bureau v. The National Collegiate Master Student Loan Trusts Third Circuit Court ruled that Trusts were covered persons under Consumer Financial Protection Act CFPA despite having no employees and contracting with special servicers and subservicers to service and collect on the student loans.
United States Victor Celis Stephanos Bibas Ellen Holloman Stuart Goldstein National Collegiate Student Loan Trusts The

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