Judge Won't Dismiss Securities Claims Against Mining Company, Officers

Judge Won't Dismiss Securities Claims Against Mining Company, Officers

SEATTLE - A lead plaintiff in a securities class action lawsuit against a mining company and certain of its current and former executive officers has properly pleaded falsity and scienter in making his federal securities law claims, a federal judge in Washington ruled Dec. 2 in denying the defendants' motion to dismiss (In re L&L Energy Inc. Securities Litigation, No. 11-1423, W.D. Wash.).

Find full version on lexis Advance®
Access this news story on lexis.com®