August 22, 2019 | 1 minute read

Bracewell’s Stephen Crain, chair of the firm’s litigation section, discussed with Natalie Posgate of The Texas Lawbook the US Court of Appeals for the Fifth Circuit ending a significant shareholder action against Pier 1 Imports.

A three-judge, unanimous panel ruled that a Dallas federal judge rightfully dismissed a class action lawsuit brought by a group of Pier 1 investors because they failed to prove that the Fort Worth-based retailer committed securities fraud.

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