2nd Circuit Affirms Dismissal Of State, Federal Claims In Securities Lawsuit

2nd Circuit Affirms Dismissal Of State, Federal Claims In Securities Lawsuit

NEW YORK - A federal district court did not err in dismissing a consolidated securities lawsuit against debenture sellers because investors failed to plead any of the state or federal securities law claims, a Second Circuit U.S. Court of Appeals panel ruled June 3 (D. Kent Sissel, et al. v. Maxine Eimicke, et al., Nos. 12-952 and 12-965, 2nd Cir.; 2013 U.S. App. LEXIS 11059).

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