9th Circuit Won’t Rehear Tech Firm’s Claims That Circuit Gutted Securities Laws

( December 6, 2023, 3:22 PM EST) -- SAN FRANCISCO — The Ninth Circuit U.S. Court of Appeals denied a petition for rehearing en banc filed by a computer company and its president and CEO, who argued that the appeals court created a “gaping loophole” for plaintiffs to bypass the Private Securities Litigation Reform Act of 1995 (PLSRA) by allowing post hoc expert analysis to form the basis of a securities complaint against the company....

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