Dueling Briefs Debate High Court Certiorari In Securities Case On Item 303 Claims

Mealey's (September 6, 2023, 1:43 PM EDT) -- WASHINGTON, D.C. — A New York-based investment firm that filed a complaint against an infrastructure company and others over alleged misstatements to investors about pending oil regulations has asked the U.S. Supreme Court to deny a petition for a writ of certiorari filed by the company, while a subsequent reply brief filed by the infrastructure company says certiorari should be granted because “the most significant courts for securities cases are divided on the question presented” over the way the Second Circuit applied a Securities and Exchange Commission rule to the case....