Pension Plan Failed To Plead Scienter In Securities Class Action, Judge Rules

Pension Plan Failed To Plead Scienter In Securities Class Action, Judge Rules

OKLAHOMA CITY - A pension plan failed to plead scienter in arguing that the nation's second largest natural gas producer and certain of its current and former officers and directors misrepresented the company's business and financial condition in violation of federal securities law, a federal judge in Oklahoma ruled April 10 in dismissing the pension plan's amended complaint (Dvora Weinstein, et al. v. Aubrey K. McClendon, et al., No. 12-465, W.D. Okla.).

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