Judge: Plaintiffs Failed To Plead Misrepresentations In Securities Suit

Judge: Plaintiffs Failed To Plead Misrepresentations In Securities Suit

NEW YORK - Dismissal of a securities class action lawsuit is proper because lead plaintiffs have failed to plead any material misrepresentations, a federal judge in New York held in a ruling made available on July 1 (In re Carbo Ceramics Inc. Stock and Options Securities Litigation, No. 12-1034, S.D. N.Y.; 2013 U.S. Dist. LEXIS 91388).

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