Amici Tell High Court 9th Circuit’s Falsity Ruling Could Damage Financial Industry

(August 22, 2024, 12:00 PM EDT) -- WASHINGTON, D.C. — The Digital Chamber filed one of four amicus curiae briefs before the U.S. Supreme Court in support of a computer manufacturer and its CEO, arguing that a Ninth Circuit U.S. Court of Appeals finding that plaintiff retirement funds could rely on expert testimony to support their claims of security fraud under the Private Securities Litigation Reform Act of 1995 (PSLRA) could have potentially disastrous effects, particularly in the cryptocurrency space....