Lead Plaintiffs Still Fail To Plead Scienter Against Auditors, Judge Rules

NEW YORK - In an opinion made available on July 19, a federal judge in New York denied lead plaintiffs' motion for leave to file a second amended complaint in a securities class action, ruling that the amended complaint does not cure the deficiencies that led to dismissal of federal securities act claims against outside auditors in a prior ruling (In re Advanced Battery Technologies Inc. Securities Litigation, No. 11-2279, S.D. N.Y.; 2013 U.S. Dist. LEXIS 102325).

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