Judge: Defendants' Statements Contain Cautionary Language In Securities Suit

Judge: Defendants' Statements Contain Cautionary Language In Securities Suit

MINNEAPOLIS - A federal judge in Minnesota on Aug. 5 trimmed a number of claims from a securities class action lawsuit, ruling that shareholders have failed to show that certain statements made by defendants were not forward looking and did not contain the required cautionary language as statutorily required (IBEW Local 98 Pension Fund, et al. v. Best Buy Co., Inc., et al., No. 11-429, D. Minn.; 2013 U.S. Dist. LEXIS 109320).

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