On March 24, 2015, the Supreme Court issued a favorable decision for the firm’s clients in Omnicare, Inc. v. Laborers District Council Construction Industry Pension Fund. Tom Goldstein argued for the respondent. In an opinion written by Justice Kagan, the Court rejected the petitioner’s claim that statements of opinion cannot be actionably false or misleading under federal securities law if the defendant actually holds the opinion. Instead, the Court held, a statement of opinion is actionable if it implies that the speaker had a reasonable factual basis for the opinion when the speaker had no such grounds. The opinion can be found here.