SUMMARY ORDER

UPON DUE CONSIDERATION, IT IS HEREBY ORDERED, ADJUDGED AND DECREED that the judgment of the district court be AFFIRMED.

Appellant SRM Global Fund Limited Partnership appeals from a judgment of the United States District Court for the Southern District of New York (Berman, J.), dismissing its securities and common-law fraud complaint against Countrywide Financial Corporation and three of its officers.

SRM asserted claims for violations of the Securities Exchange Act of 1934—specifically Section 10(b), 15 U.S.C. § 78j(b); Rule 10b-5, promulgated under the Exchange Act, 17 C.F.R. § 240.10b-5; Section 18(a), 15 U.S.C. § 78r(a); and Section 20(a), 15 U.S.C. § 78t(a)—and common-law fraud. The district court dismissed the complaint for failure to identify an actionable misstatement or omission. We assume the parties' familiarity with the underlying facts, the procedural history, and the issues presented for review.

Having conducted the requisite review of the record, see Scalisi v. Fund Asset Mgmt., L.P., 380 F.3d 133, 137 (2d Cir. 2004), we affirm the dismissal of SRM's complaint for substantially the reasons stated in the district court's thorough and well-reasoned opinion. See SRM Global Fund Ltd. P'ship v. Countrywide Fin. Corp., No. 09 Civ. 5064 (RMB), 2010 WL 2473595 (S.D.N.Y. June 17, 2010).

One issue is closer than others, and as to that as well we agree with the district court, which ruled that SRM failed to identify any statements actionable under Section 18. The plaintiff was required to specify a statement in a qualifying SEC filing that was "at the time and in the light of the circumstances under which it was made false or misleading with respect to any material fact." 15 U.S.C. § 78r(a). The amended complaint relies on four SEC filings: Countrywide's 2006 and 2007 Form 10-Ks and two Form 8-Ks filed on August 6, 2007 and October 26, 2007. (Amended Complaint ("AC") ¶ 320.)1 The 10-Ks, alleges SRM, falsely state that Countrywide had "developed a comprehensive Liquidity Management Plan (`LMP') to moderate liquidity risk with the goal of maintaining adequate, appropriate, and cost-effective sources of liquidity under all market conditions." (Id. ¶ 112.) The 2007 10-K advised that Countrywide had "adequate liquidity to meet our obligations, including—but not limited to—our commitments to lend, maturities of debt and obligations to fund rapid amortization events. At December 31, 2007, we estimate that we have available liquidity totaling $36.6 billion." (Id.) The 2006 10-K made similar representations. (Id. ¶ 113.) In its August 6, 2007 8-K, Countrywide represented that it had net available liquidity of $186.5 billion as of June 30, 2007. (Id. ¶ 53.) A press release accompanying its October 26, 2007 8-K stated that, during the third quarter, Countrywide had "stabilized its liquidity," "strengthened its capital position," and "anticipate[d] that the company will be profitable in the fourth quarter." (Id. ¶ 72.) SRM argues that these statements were false and misleading because, almost a year later, Countrywide officers identified July 2007 as the time period in which Countrywide had lost viability, and August 2, 2007 as the date on which liquidity "disappeared" (although SRM acknowledges that Countrywide continued to access tens of billions of dollars in new liquidity after that date). (Id. ¶ 76.)

Fraud cannot be pled by hindsight. See Shields v. Citytrust Bancorp, Inc., 25 F.3d 1124, 1129 (2d Cir. 1994). Countrywide's optimistic statements about future profitability constitute non-actionable forward-looking statements. See San Leandro Emergency Medical Group Profit Sharing Plan v. Philip Morris Cos., 75 F.3d 801, 811 (2d Cir. 1996); see also Rombach v. Chang, 355 F.3d 164, 174 (2d Cir. 2004) ("[E]xpressions of puffery and corporate optimism do not give rise to securities violations."). The same is true of Countrywide's high hopes for its "Liquidity Management Plan." See ECA & Local 134 IBEW Joint Pension Trust of Chicago v. JP Morgan Chase Co., 553 F.3d 187, 206-07 (2d Cir. 2009) (characterizing as "no more than puffery" statements that company would "continue to reposition and strengthen its franchises with a focus on financial discipline" and that company had "risk management processes that are highly disciplined and designed to preserve the integrity of the risk management process" (alterations and internal quotation marks omitted)). Finally, SRM has not alleged facts demonstrating that Countrywide misstated its liquidity position in its public filings.

Having considered all of SRM's arguments presented on appeal, we hereby AFFIRM the judgment of the district court.