Judge Trims Investor Claims In Securities Class Action Lawsuit

NEW YORK - A federal judge in New York on Jan. 27 granted in part and denied in part a motion to dismiss a securities class action complaint, ruling that some of the shareholders' claims are untimely and that the shareholders may bring claims only for stock shares they purchased (In re Direxion Shares ETF Trust, No. 09-8011, S.D. N.Y.; 2012 U.S. Dist. LEXIS 10013). Full story on lexis.com