When is an opinion a false or misleading statement?  If a company official says “I think the deal is fair,” is it a false statement just because the deal is objectively unfair?  Or only if the official also did not subjectively believe the deal was fair when he voiced that opinion?

With the Sixth Circuit’s

In our post in the immediate wake of the Supreme Court’s decision in Amgen Inc. v. Connecticut Retirement Plans, we concluded that rather than being a new threat to the defense of securities class actions, Amgen basically endorsed the status quo: In holding that plaintiffs do not need to establish that allegedly false statements