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"Not That Bad" is Still Bad!
Strict Scrutiny
Gorsuch's Unanimous Opinion on the FCA
In Ex-Rell Schudie versus super value, plaintiffs have to show that the defendant made a knowingly false claim. In Slack Technologies versus Pirano, shareholders can't sue over misleading statements issued by companies when they go public through direct listing on stock exchange. The court's unanimous opinion required plaintiffs in those cases to prove that they had purchased securities registered under materially misleading statement.
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