Judge: Investors Pleaded Falsity, Scienter In Making Securities Law Claims

(July 29, 2016, 10:35 AM EDT) -- BROOKLYN, N.Y. — Dismissal of an amended complaint in a securities class action lawsuit is not proper because the lead plaintiffs have pleaded falsity, materiality and scienter in making their federal securities law claims by arguing that a research manufacturing company and certain of its current and former executive officers concealed issues relating to a power failure at one of the company’s laboratories, a federal judge in New York ruled July 26 (John Gauquie v. Albany Molecular Research Inc., et al., No. 14-6637, E.D. N.Y.; 2016...
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