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Third Circuit Affirms District Court’s Dismissal of Securities Fraud Class Action Suit for Failure to Plead Scienter

The U.S. Third Circuit Court of Appeals in City of Roseville Employees' Retirement System v. Horizon Lines, Inc., et al. , Case No. 10-2788, on August 24, 2011, in a 2-to-1 decision, read opinion here [ an enhanced version of this opinion is available to lexis.com subscribers ], affirmed the District...