Mealey's Litigation Procedure - Judge: Investor Failed To Plead Misrepresentation In Securities Class Action

Mealey's Litigation Procedure - Judge: Investor Failed To Plead Misrepresentation In Securities Class Action

LEXINGTON, Ky. - Dismissal of a securities class action lawsuit against a mattress manufacturer and distributor and certain of its executive officers is proper because a shareholder has failed to plead any material misrepresentations or omissions as required under the federal securities laws, a federal judge in Kentucky ruled May 23 (Norfolk County Retirement System v. Tempur-Pedic International Inc., et al., No. 12-195, E.D. Ky.; 2014 U.S. Dist. LEXIS 70859).

Find full version on lexis Advance®
Access this news story on lexis.com®