Judge’s Ruling In Securities Class Action Is Premature, Defendants Argue

Mealey's (September 15, 2016, 1:19 PM EDT) -- NEW YORK — A federal judge in New York erred in determining that defendants in a securities class action lawsuit failed to timely file any opposition to a motion for class certification because the civil case management plan and scheduling order entered by the judge set an Oct. 11 deadline for the opposition to be filed, defendants argue in a letter filed Sept. 14 (Arthur Menaldi v. Och-Ziff Capital Management Group LLC, et al., No. 14-3251, S.D. N.Y.)....