U.S. Court of Appeals for the Fifth Circuit
Mun. Employees' Ret. Sys. of Mich. v. Pier 1 Imports, Inc.
This writing
- Type
- Opinion
- Filed
- Aug. 19, 2019
- Case
- Mun. Employees' Ret. Sys. of Mich. v. Pier 1 Imports, Inc.
- Case status
- Decided
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Opening text
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JENNIFER WALKER ELROD, Circuit Judge: "Fashion changes," says Coco Chanel, "but style endures." 1 In this securities fraud case, a class of investors alleges, among other things, that Pier 1 Imports, Inc. is a "trend-based fashion retailer" whose inventory carried a significant markdown risk that the company's executives failed…
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