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  • Judge: Lead Plaintiff Pleaded Loss Causation In Securities Class Action

01/18/2012 10:23:25 AM EST

Judge: Lead Plaintiff Pleaded Loss Causation In Securities Class Action

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LexisNexis® Mealey's™ Emerging Securities Litigation Legal News

BOISE, Idaho - A lead plaintiff has properly pleaded loss causation in making federal securities law claims against an operator of nuclear plant sites and two of its executive officers, a federal judge in Idaho ruled Dec. 19 in denying the defendants' motion to dismiss (Lance Teague, et al. v. Alternative Energy Holdings, Inc., et al., No. 10-0634, D. Idaho; 2011 U.S. Dist. LEXIS 145844). Full story on lexis.com