Judge Rejects Defendants' Argument For Dismissal In Securities Class Action

NEW YORK - Dismissal of a securities class action lawsuit is not proper because the defendants' assertion that the most compelling inference from the lead plaintiffs' allegations is a nonculpable one is less compelling than the inference advanced by the lead plaintiffs, a federal judge in New York ruled Sept. 20 (Glenn Freedman v. Weatherford International Ltd., et al., No. 12-2121, S.D. N.Y.; 2013 U.S. Dist. LEXIS 135149).

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