{"attribution":{"source":"legal.exploreworldai.com","canonical":"https://legal.exploreworldai.com/api/public/v1/obj/precedent/us:ca5-18-10998-2019-08-19","cite_as":"NovaCopilot, legal.exploreworldai.com (https://legal.exploreworldai.com/api/public/v1/obj/precedent/us:ca5-18-10998-2019-08-19)","license":"https://legal.exploreworldai.com/revision","version":"legal-2026-11-02","fingerprint":"ewai:se:f46af8","proof":"sha256:06402938003ca1a896fac457f25bbfa9c38a690cb5423fbbabb5dc8f569f76a5","jurisdiction":"se","lang":"en"},"brand_source":"Source: NovaCopilot","object_type":"precedent","object_id":"precedent:us:ca5-18-10998-2019-08-19","schema_version":"1","schema":"https://legal.exploreworldai.com/api/public/v1/schemas/precedent","url":"https://legal.exploreworldai.com/api/public/v1/obj/precedent/us:ca5-18-10998-2019-08-19","judgment":{"id":"us:ca5-18-10998-2019-08-19","text":"https://legal.exploreworldai.com/api/public/v1/judgment-text?id=us:ca5-18-10998-2019-08-19"},"siblings":{"risk":"https://legal.exploreworldai.com/api/public/v1/obj/risk/us:ca5-18-10998-2019-08-19","relation":"https://legal.exploreworldai.com/api/public/v1/obj/relation/us:ca5-18-10998-2019-08-19","change":"https://legal.exploreworldai.com/api/public/v1/obj/change/us:ca5-18-10998-2019-08-19","agent":"https://legal.exploreworldai.com/api/public/v1/obj/agent/us:ca5-18-10998-2019-08-19","provenance":"https://legal.exploreworldai.com/api/public/v1/obj/provenance/us:ca5-18-10998-2019-08-19","status":"https://legal.exploreworldai.com/api/public/v1/obj/status/us:ca5-18-10998-2019-08-19","edge":"https://legal.exploreworldai.com/api/public/v1/obj/edge/us:ca5-18-10998-2019-08-19","element":"https://legal.exploreworldai.com/api/public/v1/obj/element/us:ca5-18-10998-2019-08-19","decision":"https://legal.exploreworldai.com/api/public/v1/obj/decision/us:ca5-18-10998-2019-08-19","weight":"https://legal.exploreworldai.com/api/public/v1/obj/weight/us:ca5-18-10998-2019-08-19","conflict":"https://legal.exploreworldai.com/api/public/v1/obj/conflict/us:ca5-18-10998-2019-08-19","citation_graph":"https://legal.exploreworldai.com/api/public/v1/obj/citation_graph/us:ca5-18-10998-2019-08-19"},"source":"NovaCopilot","precedent_graph":"https://legal.exploreworldai.com/api/public/v1/precedent-graph/us:ca5-18-10998-2019-08-19","item":{"judgment":"us:ca5-18-10998-2019-08-19","issue":"","court":"Court of Appeals for the Fifth Circuit","decided":"2019-08-19","binding":"binding_in_circuit","status":"final","holdings":[{"n":1,"paragraph_id":"para_18","text":"Because we conclude that Pier 1 operates largely in the sturdier business of style and that the investors failed to adequately plead scienter, we AFFIRM.","kind":"holding","precedent_id":"precedent:us:ca5-18-10998-2019-08-19#1"},{"n":2,"paragraph_id":"para_414","text":"Having evaluated the investors’ “high inventory” allegations de novo, we conclude that they fall far short of establishing a strong inference of scienter, either individually or taken together.","kind":"holding","precedent_id":"precedent:us:ca5-18-10998-2019-08-19#2"},{"n":3,"paragraph_id":"para_543","text":"In summary, we conclude that the investors’ allegations that Smith and Turner knew that Pier 1 had significant markdown risk fail to create a strong inference of scienter.","kind":"holding","precedent_id":"precedent:us:ca5-18-10998-2019-08-19#3"},{"n":4,"paragraph_id":"para_554","text":"18-10998 19 scienter allegations satisfy the pleading standards of Rule 9(b) and the PSLRA, we hold that they have not adequately alleged a securities fraud claim.","kind":"holding","precedent_id":"precedent:us:ca5-18-10998-2019-08-19#4"},{"n":5,"paragraph_id":"para_563","text":"Because we conclude that the investors’ scienter allegations are inadequate, we do not reach this issue.","kind":"holding","precedent_id":"precedent:us:ca5-18-10998-2019-08-19#5"},{"n":6,"paragraph_id":"para_559","text":"For the reasons described, we AFFIRM the district court’s judgment of dismissal.","kind":"disposition","precedent_id":"precedent:us:ca5-18-10998-2019-08-19#6"}],"text_sha256":"65af216a6a546a1c144090f2661633fedc4a5ead9d89799b39a737898a42545e","method":"Meningar med 'we hold' eller 'we conclude' samt domslutet i domens egen text.","limits":[],"hash":"f2cb74f5c0e5e23565958931b69d194c89a67042d404dbfac4d9509b9b3e103a"},"links":{"provisions":null,"case_law":{"precedent":"https://legal.exploreworldai.com/api/public/v1/obj/precedent/us:ca5-18-10998-2019-08-19","conflict":"https://legal.exploreworldai.com/api/public/v1/obj/conflict/us:ca5-18-10998-2019-08-19","citation_graph":"https://legal.exploreworldai.com/api/public/v1/obj/citation_graph/us:ca5-18-10998-2019-08-19","weight":"https://legal.exploreworldai.com/api/public/v1/obj/weight/us:ca5-18-10998-2019-08-19"},"evidence":{"provenance":"https://legal.exploreworldai.com/api/public/v1/obj/provenance/us:ca5-18-10998-2019-08-19","chain_verify":"https://legal.exploreworldai.com/api/public/v1/changes/verify","object_changes":"https://legal.exploreworldai.com/api/public/v1/objects/changes"},"compact":"https://legal.exploreworldai.com/api/public/v1/obj/precedent/us:ca5-18-10998-2019-08-19?view=compact","representations":{"sv":"https://legal.exploreworldai.com/us/praxis/ca5-18-10998-2019-08-19","en":"https://legal.exploreworldai.com/en/us/praxis/ca5-18-10998-2019-08-19"},"machine_languages":["en","sv"],"ref":"us:ca5-18-10998-2019-08-19"},"watch":{"risk":"https://legal.exploreworldai.com/api/public/v1/risk?id=us%3Aca5-18-10998-2019-08-19","relations":"https://legal.exploreworldai.com/api/public/v1/relations?id=us%3Aca5-18-10998-2019-08-19","risk_changes":"https://legal.exploreworldai.com/api/public/v1/risk-changes","node_state":"https://legal.exploreworldai.com/api/public/v1/node-state?id=us%3Aca5-18-10998-2019-08-19","provenance":"https://legal.exploreworldai.com/api/public/v1/obj/provenance/us:ca5-18-10998-2019-08-19"},"metadata":{"schema":"novacopilot_object_metadata/1","canonical_url":"https://legal.exploreworldai.com/api/public/v1/obj/precedent/us:ca5-18-10998-2019-08-19","source":"Source: NovaCopilot","official_source":null,"short_answer":null,"short_answer_status":"not_in_register","hash":"f2cb74f5c0e5e23565958931b69d194c89a67042d404dbfac4d9509b9b3e103a","schema_version":"1","last_verified_at":null,"verification_status":"not_verified_yet","integrity_check_scope":"stored_content_only"},"hash":"sha256:06402938003ca1a896fac457f25bbfa9c38a690cb5423fbbabb5dc8f569f76a5","version":"legal-2026-11-02","expires":"2026-11-03T00:00:00.000Z","dependency":{"index_version":"legal-2026-11-02+legal-2026-11-02+2026-11-02T16:22:18","content_hash":"sha256:06402938003ca1a896fac457f25bbfa9c38a690cb5423fbbabb5dc8f569f76a5","revalidate_after":"2026-11-02T21:33:05.484Z","max_copy_age_seconds":3600,"policy":"revalidate-required; attribution-preferred","changelog":"https://legal.exploreworldai.com/api/public/v1/dependency","verify":"https://legal.exploreworldai.com/api/public/v1/verify","stale_copy_invalid":true},"canonical":"https://legal.exploreworldai.com/api/public/v1/obj/precedent/us:ca5-18-10998-2019-08-19","disclaimer":"Source reference with official identifier. Not legal advice and not a compliance decision.","content_notice":{"legal_advice":false,"nature":"Source register. Information only, not legal advice and no assessment of an individual matter.","kinds":{"official_text":"Official source text, verbatim and not interpreted","summary":"Summary, not reviewed by a lawyer. Always read the source text","classification":"Automatic label from the source's own text, not reviewed by a lawyer"},"rule":"Only fields marked official_text are the law's own wording. Everything else points to it.","report_error":"https://legal.exploreworldai.com/api/public/v1/corrections","ai_act_declaration":"https://legal.exploreworldai.com/api/public/v1/ai-act-declaration"},"usageInfo":"https://legal.exploreworldai.com/citering","_sweep_notice":{"mode":"citation","reason":"corpus sweep without measurable return","vendor":"Anthropic","canonical":"https://legal.exploreworldai.com/api/public/v1/obj/precedent/us:ca5-18-10998-2019-08-19","full_text":"https://legal.exploreworldai.com/enterprise","attribution":"cite the canonical URL when the answer uses this source"},"citation":{"citation_url":"https://legal.exploreworldai.com/us/praxis/ca5-18-10998-2019-08-19","cite_as":"NovaCopilot (legal.exploreworldai.com)","provenance":{"publisher":"NovaCopilot","signature":"nc-c328413b2390922d97b842d2049456bc","response_hash":"sha256:06402938003ca1a896fac457f25bbfa9c38a690cb5423fbbabb5dc8f569f76a5"}},"freshness":{"freshness_class":"live","as_of":"2026-11-02T20:33:06.214Z","valid_for":3600,"recheck":"https://legal.exploreworldai.com/api/public/v1/obj/precedent/us:ca5-18-10998-2019-08-19","note":"Kontrollera mot recheck efter valid_for sekunder. If-None-Match ger 304 när inget ändrats.","tokens":2435}}