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The Ninth Circuit recently ruled that an accounting firm could not be held liable under Section 10(b) of the Securities Exchange Act of 1934 where the plaintiff was unable to show that the defendant participated in any 'deceptive acts' that were communicated to the public
In a recent decision affirming the dismissal of investors’ securities fraud claims, In re Cutera Securities Litigation, No. 08-17627, 2010 WL 2595281 (9th Cir. Feb. 11, 2010), the Ninth Circuit Court of Appeals clarified its construction of the safe harbor provision of the Private Securities Litigation Reform Act
