Mealey's Securities/D&O Liability - Panel: Fund Failed To Plead Falsity, Scienter In Securities Class Action

Mealey's Securities/D&O Liability - Panel: Fund Failed To Plead Falsity, Scienter In Securities Class Action

SAN FRANCISCO - A federal district court judge did not err in dismissing a securities class action lawsuit, a Ninth Circuit U.S. Court of Appeals panel ruled March 7, holding that the lead plaintiff in the action failed to properly plead falsity and scienter, (David Applestein, et al. v. Medivation Inc., et al., No. 12-15960, 9th Cir.; 2014 U.S. App. LEXIS 4318).

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