Mealey's Litigation Procedure - Lead Plaintiffs Properly Pleaded Scienter In Securities Suit, Judge Rules

SAN FRANCISCO - Dismissal of a securities class action lawsuit is not warranted because the lead plaintiff in the action has properly pleaded scienter, a federal judge in California ruled in an opinion made available on Aug. 15 (Scott Bruce v. Suntech Power Holdings Co. Ltd., et al., No. 12-4061, N.D. Calif.; 2014 U.S. Dist. LEXIS 111706).

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