Bryant v. Avado Brands, Inc.
Court of Appeals for the Eleventh Circuit
1Opinion of the Court
ANDERSON, Chief Judge:
INTRODUCTION
This is a securities class action lawsuit brought by shareholders of Apple South, Inc. (now known as “Avado Brands, Inc.”) against the corporation and several of its officers. Bryant et al. (“Plaintiffs”) allege that Dupree et al. (“Defendants”) made false and misleading statements and material omissions in order to inflate the value of the company’s stock in violation of the Securities and Exchange Act of 1934. The district court denied Defendants’ Motion to Dismiss, but because of the novel questions presented under the Private Securities Litigation Reform…
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