2nd Circuit Denies Mandate Stay Pending Appeal Of Item 303 Disclosure Ruling

Mealey's (March 16, 2023, 2:30 PM EDT) -- NEW YORK — Without providing any detail, a Second Circuit U.S. Court of Appeals panel denied a motion to stay its mandate finding that a lead plaintiff in a securities class action adequately pleaded that a company, certain of its officers and directors and others failed to make necessary disclosures under Item 303 of Securities and Exchange Commission Regulation S-K while the company appeals the ruling to the U.S. Supreme Court....