Pension Fund Tells High Court 6th Circuit Made New Rule For Risk Disclosures

( September 10, 2024, 11:09 AM EDT) -- WASHINGTON, D.C. — A pension fund says in its petition for a writ of certiorari in the U.S. Supreme Court that a partially split Sixth Circuit U.S. Court of Appeals panel erred when it affirmed an Ohio federal judge’s decision to dismiss the fund’s putative class complaint alleging securities fraud on the part of a car insurance provider, arguing that the Sixth Circuit was incorrect to hold that statements made by the company about potential risks were not misleading even though the risks had already occurred....