Federal Judge Trims Securities Law Claims In Class Action Lawsuit

DALLAS - Partial dismissal of a securities class action lawsuit is proper because the lead plaintiff in the action failed to show that certain defendants sold the securities at issue, a federal judge in Texas ruled in an opinion made available on July 2 (In re Kosmos Energy Ltd. Securities Litigation, No. 12-373, N.D. Texas; 2013 U.S. Dist. LEXIS 88809).

Access this news story on lexis.com®