Judge Dismisses Securities Class Action Lawsuit With Leave To Amend

Judge Dismisses Securities Class Action Lawsuit With Leave To Amend

NEW YORK - Lead plaintiffs in a securities class action lawsuit have failed to plead any material misrepresentation or scienter in making their federal securities act claims against SAIC Inc. and certain of its current and former officers and directors, a federal judge in New York ruled Sept. 30 (In re SAIC Inc. Securities Litigation, No. 12-1353, S.D. N.Y.; 2013 U.S. Dist. LEXIS 142606).

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