Petition of the day

Issue: Whether, for purposes of a claim under Section 11 of the Securities Act of 1933, 15 U.S.C. 77k, a plaintiff may plead that a statement of opinion was untrue merely by alleging that the opinion itself was objectively wrong, as the Sixth Circuit has concluded, or must the plaintiff also allege that the statement was subjectively false requiring allegations that the speakers actual opinion was different from the one expressed as the Second, Third, and Ninth Circuits have held.