Mealey's (December 20, 2021, 2:28 PM EST) -- SAN FRANCISCO — A federal district court misapplied Ninth Circuit U.S. Court of Appeals precedent in a shareholder class action against an aviation parts manufacturing conglomerate and certain of its senior executives when it granted summary judgment in their favor because the Ninth Circuit’s ruling did not find that statements of present progress toward a goal were forward-looking “unless they contain highly specific information about a company’s present circumstances,” two pension funds argue in a Dec. 15 appellant brief filed in the Ninth Circuit....