With no explanation, chose the best option from "A", "B", "C" or "D". Acito, 47 F.3d at 52 (quotation omitted). Moreover, the Class Complaint is silent as to how IAC’s decision to remit tax on the wholesale price it paid for rooms, rather than on the full retail price paid by customers, contributed to the deterioration of its relationships with hotel chains or customers. Although the Complaint advances other alleged misstatements (CC ¶¶ 44-48, 53, 56, 57-59, 74), none of these are accompanied by particularized facts explaining-why plaintiffs believe that the statements were fraudulent. See, e.g., CC ¶ 44 (“We are convinced that this merger [with IAC] will enhance the growth prospects for Hotels.com....”); CC ¶45 (“[W]e had a great quarter. Travel revenue was up 93% and EBITDA for tra ing Plan v. Philip Morris Cos., 75 F.3d 801, 811 (2d Cir.1996) (<HOLDING>); Duane Reade, 2003 WL 22801416, at *6, aff'd

A: holding that expressions of puffery and corporate optimism do not give rise to securities violations
B: holding that puffery is not actionable under the securities laws
C: holding that nyseg telling its investors that it would not compromise its financial integrity was not actionable under the securities laws
D: holding that such information is not material under securities law
B.