11th Circuit To Hear Appeal Of Class Certification Ruling In Stock-Drop Suit

Mealey's (November 20, 2020, 9:52 AM EST) -- ATLANTA — In a one-page ruling, an 11th Circuit U.S. Court of Appeals panel on Nov. 18 granted permission for a provider of lighting and building management solutions and certain of its current and former executive officers to appeal a federal district court’s ruling certifying a class of investors in a securities class action lawsuit alleging that the appellants misrepresented the company’s sales growth in violation of federal securities laws (Acuity Brands Inc., et al. v. Public Employees’ Retirement System of Mississippi, No. 20-90018-A, 11th Cir., 2020 U.S. App. LEXIS 36261)....