In Police & Fire Retirement System of the City of Detroit v. La Quinta Holdings Inc., No. 16-cv-3068, 2017 WL 4082482 (S.D.N.Y. Aug. 24, 2017), the plaintiffs alleged that the CEO for La Quinta made a material misstatement when describing the benefits of a sale of a particular hotel property as a "win-win-win" because La Quinta later recorded a $4 million loss on the property. The court held that the statement was an opinion because it was "an expression about [the CEO's] expectations for the sale." Applying Omnicare and other cases from the Second Circuit interpreting Omnicare, the court dismissed the claims because the allegations did not show the opinion was not an honestly held belief or that the opinion was misleading in any way due to an omission.