Company Takes Bespeaks Caution Doctrine Application Dispute To Supreme Court

Mealey's (May 4, 2023, 3:08 PM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court should grant review of a Ninth Circuit U.S. Court of Appeals ruling overturning the dismissal of claims in a shareholder class action against a company and others for alleged misrepresentations they made in social media posts soliciting investment in funds the company managed because there is a split among the circuits as to when and where the bespeaks caution doctrine applies to forward-looking statements, the company argues in a petition for writ of certiorari....