Judge: Investors Properly Pleaded Misrepresentation Claims In Securities Suit

Judge: Investors Properly Pleaded Misrepresentation Claims In Securities Suit

LAS VEGAS - Dismissal of a securities class action lawsuit against MGM Resorts International (MGM) and others is not proper, a federal judge in Nevada ruled Sept. 26, because lead plaintiffs in the action have pleaded an actionable misstatement, scienter and loss causation (In re MGM Mirage Securities Litigation, No. 09-1558, D. Nev.; 2013 U.S. Dist. LEXIS 139356).

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