Neil EINHORN, Individually and on behalf of all others similarly situated, Plaintiff,
Police and Fire Retirement System of the City of Detroit, Individually and on behalf of all others similarly situated, Plaintiff-Appellant,
v.
AXOGEN, INC., Karen Zaderej, Peter J. Mariani, Gregory G. Freitag, Jamie M. Grooms, Robert J. Rudelius, Mark Gold, Guido Neels, Amy Wendell, Leerink Partners LLC, JMP Securities LLC, Jefferies LLC, William Blair & Company, L.L.C., Defendants-Appellees,
John Harper, et al., Defendants.
United States Court of Appeals, Eleventh Circuit.https://leagle.com/images/logo.png
Before Lagoa, Brasher, and Tjoflat, Circuit Judges.
Brasher, Circuit Judge.
The Police and Fire Retirement System of the City of Detroit lost money when a short seller's report concluded that Axogen, Inc., had overstated the market for its products, resulting in a precipitous decline in Axogen's stock price. Specifically, Axogen said that its human nerve repair products had potential because "each...
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