Judge: Securities Claims Improperly Group-Pleaded

Judge: Securities Claims Improperly Group-Pleaded

RALEIGH, N.C. - Dismissal of lead plaintiffs' amended securities class action complaint is proper because their claims are improperly group-pleaded, a federal judge in North Carolina ruled March 26 (Pipefitters Local No. 636 Defined Benefit Plan, et al. v. Tekelec Inc., et al.,, et al., No. 11-4, E.D. N.C.; 2012 U.S. Dist. LEXIS 40602).

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