(July 15, 2016, 12:18 PM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court should deny review of an appeal of an 11th Circuit U.S. Court of Appeals panel’s ruling affirming a state court order in a securities class action lawsuit that determined that a jury instruction improperly stated the law governing a federal securities fraud claim because the petitioner has failed to show that any split among the circuits exists, defendants argue in a July 6 opposition brief (Richard I. Fried v. Stiefel Laboratories Inc., et al., No. 15-1458, U.S. Sup.; 2016 U.S. S. Ct. Briefs 2601)....