Panel Affirms Dismissal Of Securities Suit For Failure To Plead Scienter

Panel Affirms Dismissal Of Securities Suit For Failure To Plead Scienter

CINCINNATI - A federal judge in Ohio did not abuse his discretion in dismissing a shareholder class action lawsuit against a video game maker and others for alleged federal securities law violations because the shareholder failed to properly plead scienter, a Sixth Circuit U.S. Court of Appeals panel ruled Aug. 27 (Bruce E. Ricker v. Zoo Entertainment Inc., et al., No. 12-3951, 6th Cir.).

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