Tech Firm Asks High Court To Rule On Role Of Expert Opinions In Securities Suits

(March 14, 2024, 8:32 AM EDT) -- WASHINGTON, D.C. — A computer manufacturer and its president and CEO are asking the U.S. Supreme Court to consider whether the Private Securities Litigation Reform Act of 1995 (PLSRA) allows plaintiffs to show falsity of issued statements by relying on expert opinions instead of facts, saying the Ninth Circuit U.S. Court of Appeals created a “gaping loophole” in the PSLRA by allowing expert analysis to form the basis of a securities complaint against the company....