Joining The Club
The 10b-5 Daily
JUNE 18, 2024
The district court dismissed the claims based on the plaintiffs’ failure to adequately plead falsity. “Sounds in fraud” – Section 11 and 12(a)(2) claims do not have fraud as an element, so generally they are not subject to the heightened pleading standard of Federal Rule of Civil Procedure 9(b). .
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