Employees' Retirement System v. Blanford
Court of Appeals for the Second Circuit
1Opinion of the Court
CHIN, Circuit Judge:
In this putative securities class action, plaintiffs-appellants are five employee retirement systems (“Plaintiffs”) that purchased or otherwise acquired common stock in Green Mountain Coffee Roasters, Inc. (“Green Mountain”), the manufacturer of the Keurig single-cup brewing system. Plaintiffs allege that Green Mountain and certain of its executives (“Defendants”) made fraudulent misrepresentations about Green Mountain’s inventory, business performance, and growth prospects in a manner designed to mislead investors about the strength of Green Mountain’s business, in…
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