United States Fifth Circuit

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Municipal Employees' Retirement System of MI v. Pier 1 Imports, 18-10998

Affirmed. Investors who alleged that Pier 1 Imports was a trend-based fashion retailer with inventory that carried a significant markdown risk they failed to disclose were unable to adequately plead scienter.

Appellate Information

  • Decided
  • Published 2019/08/19

Judges

  • Elrod

Court

  • United States Fifth Circuit

Counsel