Credit: BillionPhotos.com/Adobe Stock 'Perplexing': 6th Circuit Judge Criticizes High Bar for Securities Lawsuits
"Hopefully, a future panel of this Court, or the Supreme Court, can clarify the law along the lines described here, so that the majority's untenable views are not sustained," Judge Eric Clay wrote.
April 30, 2024 at 04:04 PM
3 minute read
The U.S. Court of Appeals for the Sixth Circuit on Monday upheld the dismissal of a lawsuit accusing tech company Root Inc. of violating federal securities laws, but a concurring judge called the pleading standard applied by his colleagues "particularly perplexing" and highlighted a circuit split on the legal issue.
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