Opinion ID: 1434342
Heading Depth: 3
Heading Rank: 2

Heading: Investors' request for a remand

Text: As an initial matter, the investors argue that because the district court applied the now-overruled most plausible pleading standard from Helwig, we should remand the case and instruct the district court to apply the Tellabs standard. See Frank, 547 F.3d at 571 (remanding a securities-fraud case back to the district court because it erroneously applied the Helwig standard). Although the earlier portion of the district court's opinion in the present case does contain scattered references to the most plausible standard that was overruled in Tellabs, the record reflects that the court ultimately applied the correct standard. The court, citing Tellabs, specifically acknowledged that it must ask: `would a reasonable person deem the inference of scienter at least as strong as any opposing inference?' Remand is therefore unnecessary.