L&K Insights
Dive deep into the world of securities and class action law with expert commentary, analysis, and updates from the seasoned professionals at Levi & Korsinsky LLP
Required Field
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Fraudulent Financial Projections: Even If Financial Projections Are Protected by the PLSRA’s Safe Harbor Provisions, Statements and Omissions That Mislead Investors About the Bases of Projections Can Be Actionable
March 5, 2025
2nd Circuit Court of Appeals: “[A] projection is not a magic wand that immunizes all statements that relate to that projection” Quick Summary: Financial projections are forward-looking statements of opinion and are often protected by the PSLRA’s safe harbor provisions. Statements about the reasonableness of the methods employed, the quality of the data used, or...
By David C. Jaynes
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How the Supreme Court’s Goldman Decision is Playing Out in the Lower Courts
February 14, 2025
Overview It has been over three and a half years since the Supreme Court issued its seminal opinion in Goldman Sachs. Grp., Inc. v. Ark. Teacher Ret. Sys., 594 U.S. 113 (2021) (“Goldman”), which concerned securities class actions pursuing causation and damages theories under the price inflation-maintenance theory (i.e., a theory under which the “price...
By Morgan Embleton
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Facebook / Meta’s Dismissed Appeal to the Supreme Court Means Pathway For Investors to Sue Companies for False and Misleading Risk Statements is Preserved in the Important Ninth Circuit
February 12, 2025
Overview On November 22, 2024, after full merits briefing and oral argument, the Supreme Court of the United States dismissed an appeal brought by defendants Facebook, Inc. (“Facebook”), Facebook CEO and Chairman Mark Zuckerberg, former Facebook Chief Operating Officer Sheryl Sandberg, and former Facebook CFO turned Chief Strategy Officer David Wehner (“Defendants”).[i] The Defendants’ appeal...
By P. Cole von Richthofen
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