August 19, 2024
The Second Circuit on Monday once again greenlighted an investor lawsuit accusing Macquarie Infrastructure Corp. of hiding the expected impact of a high-sulfur fuel ban on its oil storage business, saying that the U.S. Supreme Court's recent decision in Macquarie's favor had little impact on the circuit court's earlier ruling that the case should move forward.
January 27, 2023
The Second Circuit on Friday denied a petition to reconsider its decision reviving a lawsuit claiming executives from a U.S. subsidiary of Macquarie Group failed to warn investors about the financial implications of a new environmental regulation.
January 04, 2023
A U.S. subsidiary of Macquarie Group is calling on the full Second Circuit to overturn a ruling that revived a lawsuit claiming its executives failed to warn investors about the financial implications of a new environmental regulation, saying the ruling could widen a circuit split and expose corporations to more securities lawsuits.
December 20, 2022
A New York appeals court ruled on Tuesday that investors can sue affiliates of Macquarie Group Ltd. over claims that executives failed to warn them about the financial impact of a new environmental regulation, restoring a lawsuit that a lower court tossed in September 2021.