Mealey's Securities/D&O Liability - Panel Affirms Summary Judgment Ruling In Merger Deal Lawsuit

NEW YORK - A Second Circuit U.S. Court of Appeals panel on Sept. 13 ruled that a federal district court did not err in granting summary judgment in favor of defendants in a securities class action because the lead plaintiff in the action failed to plead a material misrepresentation or omission in making his federal securities law claims (Benjamin Gross v. GFI Group Inc., et al., Nos. 18-1527 and 18-1665, 2nd Cir., 2019 U.S. App. LEXIS 27618).
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