Tangent: The Supremes Decide Today NOT To Hear A “Feces-book” Claimed Defense — To Federal Securities Fraud.

We often (at our other properties) cover cases where life-science companies omit material adverse information — in SEC filings. Consider our coverage of Fast” Fred Hassan, here — and more recently, Martin Shkreli. [We’ve been documenting, and analyzing — such cases since 2008.]

Even so, I’ll make short work of this.

While the Supremes simply decided this morning to “undo” their previous grant of cert., as “improvidently granted” — it seems clear that some or all of what Amalgamated Bank said about Facebook, here… is what led to the Supremes leaving the Ninth Circuit finding of liability, against Facebook in place — in the Cambridge Analytica failure to disclose / securities fraud cases.

Mr. Musk [and CEO of “Truth”, Devin Nunes] should take heed — since both of them regularly skirt the disclosure rules of the SEC — with material omissions. Musk, particularly, has a bevy of enforcement actions and consent decrees… to prove it.

Onward, grinning — snows are just about all melted already, after six inches yesterday morning. Out.

नमस्ते