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

We do often 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 at least 2008 here.]

Even so, I'll make short work of this, as it relates to the use (in the 2016 election cycle) by Cambridge Analytica of user details / data stolen from Facebook. [Facebook knew it, but did not disclose that it had been breached for more than 14 months.] Facebook has as of this morning, now effectively lost, on the claim that this was "no harm" to its shareholders.

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