Pluralsight failed to convince the Tenth Circuit to affirm the complete dismissal of an investor lawsuit claiming executives made false claims about the size and productivity of the online education site’s salesforce.
The allegations brought by a couple of public employee retirement funds “strongly support the inference” that Pluralsight’s then-CFO knew he overstated the salesforce’s size at a 2019 conference and there was a risk of misleading investors, the US Court of Appeals for the Tenth Circuit said in a unanimous decision Tuesday.
The allegations also support the inference the former CFO had a “financial motive for making the misleading ...
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