Judge: Lead Plaintiff Failed To Plead Securities Law Claims With Particularity

Judge: Lead Plaintiff Failed To Plead Securities Law Claims With Particularity

STATESVILLE, N.C. - Dismissal of a securities class action lawsuit is proper, a federal judge in North Carolina ruled Aug. 6, because a lead plaintiff has failed to plead its federal securities law claims that a company and certain of its executive officers misrepresented the company's financial outlook with the required particularity (Electrical Workers Pension Trust Fund of IBEW Local Union no. 58 v. CommScope Inc., et al., No. 10-0062, W.D. N.C.; 2013 U.S. Dist. LEXIS 110457).

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