Opinion ID: 4538516
Heading Depth: 2
Heading Rank: 4

Heading: Alternative Grounds to Dismiss

Text: Because we are reversing the dismissal of the claims brought by the Cayman entities on statute of limitations grounds, we consider the defendants’ arguments on appeal that there exists a variety of alternative reasons to dismiss the claims not ruled upon by the district court. The defendants are correct that this court “may affirm the district court’s judgment on any basis supported by the record.” Loftness Specialized -22- Farm Equip., Inc. v. Twiestmeyer, 742 F.3d 845, 851 (8th Cir. 2014). But here we believe it is prudent to refrain from such a fact-intensive analysis as it would be beneficial for the district court to decide these issues involving the Cayman entities in the first instance. See id.