|
|
|
|
|
|
by elliekelly
1733 days ago
|
|
|
They would likely raise a "mere puffery" defense. Our legal system recognizes that in the course of business people will inevitably lie. At least a little. And so puffery, as a matter of law, is immaterial. The puffery doctrine is quite controversial in some academic circles. Though I'm not sure it's litigated much anymore as a practical matter? At least not when it comes to civil suits alleging securities fraud. Edit- It seems it will be (at least part of) Elizabeth Holmes' defense: https://www.bloomberg.com/opinion/articles/2021-05-06/elizab... |
|
|