**FOR IMMEDIATE RELEASE**

FOR IMMEDIATE RELEASE

U.S. Solicitor General to Supreme Court: “Stop the ‘Golden Goose’ Hijack” – New Brief Signals Radical Shift in Corporate Liability

Washington, D.C. — In a bombshell filing expected to reshape American business litigation, the U.S. Solicitor General today issued a stark warning to the Supreme Court: the nation’s private enforcement engine is being weaponized against its own economic growth.

The government’s top appellate lawyer argued that a pending case, Smith v. Spire Global, represents a “direct threat to capital formation” by allowing plaintiffs to exploit federal whistleblower statutes to extract massive settlements from publicly-traded companies based on speculative, forward-looking statements.

“The Solicitor General is effectively telling the Court that the current litigation model is a $50 billion drag on innovation,” reads the highly confidential memo circulating among Fortune 500 general counsel this morning. “This is not a slow legal drift—this is an aggressive intervention to halt what they call the ‘strict-liability trap’ for management teams.”

The brief specifically targets the “implied private right of action” under the Securities Exchange Act, arguing that its expansion is allowing a “cottage industry of professional plaintiffs to bypass securities fraud protections intended to shield honest business judgment.”

The Market Impact:

• Sectors on Alert: Biotech SPACs, tech unicorns, and climate transition companies are expected to face immediate downside volatility as investors price in a potential tightening of liability shields.
• The “Zombie” Risk: The SG warned that without this correction, “unscrupulous law firms” could force companies into “death by 1000 depositions” for routine earnings guidance.

What This Means for Your Q3 Strategy: The Solicitor General’s position suggests the executive branch now views the private securities class action bar as an unsustainable tax on U.S. competitiveness. Expect internal DOJ