United States: Securities Litigation Update: First Circuit Holds That Future-Focused Risk Disclosures Are Not Misleading Absent "Grand Canyon"-Level Threat To Company - Cadwalader, Wickersham & Taft LLP

On July 9, 2021, in Karth v. Keryx Biopharmaceuticals, Inc., the U.S. Court of Appeals for the First Circuit affirmed entry of judgment for the defendants in a putative class action asserting violations of...