Judge: Investor Properly Pleaded Falsity, Scienter In Securities Class Action

LOS ANGELES - A retirement system has properly pleaded falsity and scienter in making its federal securities law claims against a Chinese company and others, a federal judge in California ruled July 12 in denying the company's motion to dismiss (Larry Brown v. China Integrated Energy Inc., et al.,  No. 11-2559, C.D. Calif.; 2012 U.S. Dist. LEXIS 97128).

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