10th Circuit Upholds Dismissal Of Investors’ Suit Over Aircraft Parts Sales

(September 5, 2023, 9:11 AM EDT) -- DENVER — A divided panel of the 10th Circuit U.S. Court of Appeals affirmed a federal court’s dismissal of a securities fraud claim brought by a group of investors who said they were misled by an airplane part manufacturer after Boeing stopped producing the 737 MAX, finding that the investors failed to establish scienter on the part of the manufacturer....