Mealey's Securities/D&O Liability - Judge: Best Buy Officer Not A Primary Violator In Securities Fraud Suit

MINNEAPOLIS - A federal judge in Minnesota on April 30 granted in part and denied in part a motion for judgment on the pleadings in a securities class action, ruling that shareholders have failed to show that an officer of Best Buy Co. Inc. acted as a primary violator in a securities fraud scheme (IBEW Local 98 Pension Fund, et al. v. Best Buy Co., Inc., et al., No. 11-429, D. Minn.; 2014 U.S. Dist. LEXIS 59951).

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