Under the Private Securities Litigation Reform Act's Pleading Requirements for Securities Fraud Claims, How Should Allegations About Internal Company Documents and Expert Opinions Be Analyzed?

CASE AT A GLANCE The Court will consider how the Private Securities Litigation Reform Act's heightened pleading standards apply to the securities fraud elements of scienter and falsity. The Court will address how much detail plaintiffs must allege about the contents of internal company documents in order to plead a strong inference of scienter based on an alleged mismatch between those documents and the company's public statements. The Court will also address how much weight courts should give to an expert's opinion about the falsity of a company's statements when assessing whether plaintiffs have pleaded particularized facts in support of falsity.
Issues 1. Must plaintiffs seeking to allege scienter under the Private Securities Litigation Reform Act (PSLRA) based on allegations about internal company documents plead with particularity the contents of those [...]