Plaintiffs might have more difficulty suing preparers for false or misleading statements after a court decision from the U.S. Court of Appeals for the 2nd Circuit. The case, Fait v. Regions Financial Corp., involved a preparer's statements about a client's goodwill and loan-loss reserves as part of a stock offering. The statements were the defendant's opinion and shouldn't be treated as fact for the purpose of liability, the court ruled.

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