12/07/2011 10:55:30 AM EST
Judge: Investors Failed To Plead Falsity With Requisite Specificity
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LexisNexis® Mealey's™ Emerging Securities Litigation Legal News
LOS ANGELES - Investors have not failed to plead falsity with the requisite specificity in making their federal securities law claims against a television advertising company and others, a federal judge in California ruled in dismissing the investors' amended complaint with leave to amend in an opinion made available on Nov. 30 (Dan Katz v. China Century Dragon Media, Inc., et al., No. 11-2769, C.D. Calif.).
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