Lead Plaintiffs Properly Pleaded Federal Securities Law Claims, Judge Rules

Lead Plaintiffs Properly Pleaded Federal Securities Law Claims, Judge Rules

SANTA ANA, Calif. - Dismissal of a securities class action lawsuit is not proper, a federal judge in California ruled Oct. 23, because lead plaintiffs have pleaded sufficient facts to survive a motion to dismiss (Pawel L. Kmiec v. Powerwave Technologies Inc., et al., No. 12-0222, C.D. Calif.; 2013 U.S. Dist. LEXIS 153031).

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