Mealey's (January 12, 2024, 9:50 AM EST) -- NEW YORK — Addressing two matters of first impression, the Second Circuit U.S. Court of Appeals affirmed a district court’s dismissal of securities fraud claims brought by shareholders against tobacco company Philip Morris International Inc. and several of its executives based on its statements regarding its studies of heat-not-burn tobacco products, rejecting shareholder claims that PM made material misrepresentations about the products....