(September 9, 2022, 1:32 PM EDT) -- WASHINGTON, D.C. — A Ninth Circuit U.S. Court of Appeals panel has created split among the circuits as to the meaning of “such security” in Section 11 of the Securities Act of 1933 in determining that a shareholder may state a claim for violations of Section 11 for shares of a company he purchased without being able to show that he relied on an allegedly misleading registration statement provided in connection with the issuance of the securities, the company and others argue in an Aug. 31 petition for writ of certiorari filed in the U.S. Supreme Court....