OPINION

ROGERS, Circuit Judge.

In this private securities litigation, investors in a now-bankrupt company called EveryWare sued EveryWare's officers, directors, principal shareholders, and underwriters, alleging that some defendants violated the Securities Exchange Act of 1934 by materially misrepresenting EveryWare's finances, and that some defendants violated the Securities Act of 1933 by verifying those alleged material misrepresentations to be true, and by failing to disclose other material facts, in a registration statement and a prospectus that they signed in connection with an offering of EveryWare's shares. The district court dismissed plaintiffs' complaint, reasoning that the Exchange Act claims fail because plaintiffs have not alleged particularized facts giving rise to a strong inference that defendants acted with the requisite scienter, and that the Securities Act claims fail because plaintiffs have not alleged any well-pleaded material statement or omission in the registration statement or the prospectus. On appeal, plaintiffs repeat the arguments that they made in the district court. Their arguments fail here for reasons set out by the district court in its thorough opinion. Because the district court's opinion fully responds to plaintiffs' arguments on appeal, we adopt the reasoning of the district court, as indicated below, with respect to those issues necessary to resolve this appeal.

EveryWare Global, Inc., is an Ohio manufacturer of kitchenware. Plaintiffs purchased EveryWare securities between May 21, 2013, and May 16, 2014. Plaintiffs alleged a "pump and dump" scheme by EveryWare's principal shareholders and officers to inflate the price of EveryWare shares and then to sell their EveryWare shares before prices plummeted.

The district court opinion details the factual allegations in the complaint. In re EveryWare Global, Inc. Sec. Litig., 175 F.Supp.3d 837, 843-48 (S.D. Ohio 2016). Plaintiffs mainly allege: (1) that CEO John Sheppard, in January 2013, released EveryWare's financial projections for 2013, despite actually knowing those financial projections to be false and misleading; (2) that CEO Sheppard and CFO Bernard Peters, in August 2013, told investors, with the intent to deceive, manipulate, or defraud, that EveryWare was on track to meet its financial projections; and (3) that when EveryWare offered a portion of its shares to investors in September 2013, and submitted a registration statement and a prospectus in connection with that offering, EveryWare's underwriters and directors signed those documents declaring them to be true, even though those documents incorporated EveryWare's financial projections and failed to disclose material downward trends in the business.

Plaintiffs failed to plead successfully that EveryWare's financial projections in January 2013 violated § 10(b) of the Securities Exchange Act of 1934, or the related SEC Rule 10b-5, for the reasons that the district court fully explained: because those projections were forward-looking statements, and because plaintiffs failed to plead facts that gave rise to a "strong inference" that CEO Sheppard had "actual knowledge" that those projections were false or misleading. We adopt that reasoning of the district court. 175 F.Supp.3d at 851-54.1

Plaintiffs similarly failed to plead successfully that CEO Sheppard's and CFO Peters's on-track statements in August 2013 violated § 10b or Rule 10b-5, for the reason that the district court ultimately relied on: because plaintiffs failed to plead facts that gave rise to a "strong inference" that defendants acted with "a mental state embracing intent to deceive, manipulate or defraud." We adopt that reasoning of the district court, also. 175 F.Supp.3d at 856-61.2

Because plaintiffs have failed to meet the heightened pleading standards for defendants' requisite scienter, they have failed to state a violation of § 10(b) or Rule 10b-5 upon which relief can be granted, as the district court properly concluded. Because plaintiffs failed to state substantive violations of the Securities Exchange Act, they have also failed to state secondary liability for those substantive violations under § 20(a) of the Securities Exchange Act, as the district court also properly concluded. 175 F.Supp.3d at 861.

Plaintiffs also challenge the district court's dismissal of their claims under the Securities Act of 1933, repeating arguments rejected below that EveryWare's directors and underwriters signed as true a registration statement and a prospectus that contained material misrepresentations. Plaintiffs have failed to state a violation of § 11 or § 12(a)(2) of the Securities Act because they have not pleaded plausibly that those documents contained material misrepresentations, as the district court correctly reasoned. 175 F.Supp.3d at 869-73.3 Without a substantive claim of violation of the Securities Act upon which relief can be granted, there can be no claim of secondary liability under § 15 of the Securities Act, either, as the district court also correctly reasoned. 175 F.Supp.3d at 873.

The judgment of the district court is affirmed.