March 15, 2021 | Law.com
4th Circuit: Market Risks Hindsight Is Not Enough to Support Securities Fraud ClaimStatements and omissions arising from legitimate, subjective business judgments that allegedly become misleading only with the benefit of hindsight are insufficient to create the "strong inference" of intent necessary to satisfy the heightened standard for pleading a securities fraud claim.
By Michael W. Mitchell, Edward Roche and Derek Sutton
6 minute read
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