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Spirit Execs Say Investor Suit Can't Lean On 'Hindsight'
By Rae Ann Varona
Spirit Aviation's current and former top executives have urged a Florida federal court to toss a proposed shareholder class action that accuses them of misleading investors about the company's prospects amid two bankruptcy filings, saying an investor failed to allege any misleading statements and instead relied on impermissible "fraud-by-hindsight" allegations.
Motion attached |
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CHAPTER 11
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LEGAL INDUSTRY
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