U.S. Supreme Court

Case Status


Docket Number


2018 Term


Questions Presented

Whether or in what circumstances a defendant must admit that non-forward-looking statements are false or misleading, in order to be protected by the PSLRA safe harbor for forward-looking statements.

Case Updates

Settlement reached

November 27, 2018

Click here to view the dismissal letter.

U.S. Chamber files amicus brief urging Supreme Court to resolve a circuit split over how to apply the PSLRA’s safe harbor for forward-looking statements

March 22, 2018

Click here to view the amicus brief filed jointly by the U.S. Chamber and Securities Industry and Financial Markets Association.

Lewis J. Liman, Jared M. Gerber, and Martha E. Vega-Gonzalez of Cleary Gottlieb Steen & Hamilton LLP served as co-counsel for the amici.

Case Documents