2nd Circuit Affirms Dismissal Of Securities Suit Against Royal Bank Of Scotland

NEW YORK - A federal district court did not err in dismissing a securities class action lawsuit against The Royal Bank of Scotland Group PLC (RBS) and others because the lead plaintiff in the action failed to plead any actionable misrepresentation, a Second Circuit U.S. Court of Appeals panel ruled Sept. 25 (The Freeman Group, et al. v. The Royal Bank of Scotland Group PLC, et al., No. 12-3642, 2nd Cir.).

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