Investment Firm Asks High Court To Decline Petition On Item 303 Claims

Mealey's (August 30, 2023, 7:22 AM 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 companies, saying that the question of whether the Second Circuit U.S. Court of Appeals erred in its application of a Securities and Exchange Commission regulation requiring companies disclose their management’s analysis of the company’s financial situation will have little bearing on the overall impact of the case....