5th Circuit:  Investors Fail To Show ‘Ostensible Fraudulent Activity’ By Company

(August 15, 2023, 10:51 AM EDT) -- NEW ORLEANS — A panel of the Fifth Circuit U.S. Court of Appeals has affirmed a lower court’s dismissal of investors’ claims of securities fraud, ruling that a Form 10-Q for the defendant, which the investors said showed fraud, “contain no ostensible fraudulent activity.”...