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9th Circ. Sets New Falsity Standard, Citing Omnicare

By Dorothy Atkins (May 5, 2017, 9:26 PM EDT) -- The Ninth Circuit affirmed on Friday a district judge's decision to toss a pension fund's putative securities class action alleging dental products maker Align Technology Inc. misled investors about a $187.6 million acquisition, finding that the pleadings related to the alleged misstatements don't meet the high falsity standard set by the U.S. Supreme Court's 2015 Omnicare decision....

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