Judge: Lead Plaintiff Failed To Plead Subjective Falsity In Securities Suit

LOS ANGELES - A federal judge in California on Jan. 14 dismissed a federal securities law claim against an independent auditor, ruling that the lead plaintiff failed to properly plead subjective falsity (Susan Hufnagle v. Rino International Corp., et al., No. 10-8695, C.D. Calif.; 2013 U.S. Dist. LEXIS 6095).

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