Pension Fund Failed To Plead Scienter In Securities Suit, Federal Judge Rules

Pension Fund Failed To Plead Scienter In Securities Suit, Federal Judge Rules

CHICAGO - A pension fund has failed to plead scienter in a securities class action lawsuit against a for-profit undergraduate and graduate school operator and its senior officers because he has failed to plead material falsity, a federal judge in Illinois ruled March 27 (Boca Raton Firefighters' and Police Pension Fund v. DeVry Inc., et al., No. 10-7031, N.D. Ill.; 2012 U.S. Dist. LEXIS 41305).

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