2. This case presents important questions of law dividing the circuits regarding the "exacting pleading requirements" under the Private Securities Litigation Reform Act of 1995 ("PSLRA"). Tellabs, Inc. v. Makor Issues & Rights, Ltd., 551 U.S. 308, 313 (2007). These questions include: (1) whether plaintiffs may raise a strong inference of scienter based on allegations that executives had access to routine corporate communications—internal reports, customer calls, and the like—without particularized details about what information those executives received, and (2) whether plaintiffs may raise the requisite "strong inference" of scienter through the "core operations doctrine," under which the alleged significance of an issue allows an inference that executives must have known about it. 15 U.S.C. § 78u-4(b)(2)(A).

Question not identified.