Failure To Cure Pleading Deficiencies Leads To Dismissal Of Securities Suit

Mealey's (August 11, 2016, 3:33 PM EDT) -- SAN JOSE, Calif. — The lead plaintiff in a securities class action lawsuit against a company that sells renewable energy and certain of its executive officers has failed to cure each of the scienter pleading deficiencies in making his claims under federal securities law that resulted in three previous dismissal rulings, a federal judge in California ruled Aug. 9 in dismissing the third amended complaint with prejudice (Tai Jan Bao, et al. v. SolarCity Corp., et al., No. 14-1435, N.D. Calif.; 2016 U.S. Dist. LEXIS 105179)....
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