Judge: Pension Fund Failed To Plead Scienter In Securities Class Action

Mealey's (July 30, 2015, 10:26 AM EDT) -- LOS ANGELES — A federal judge in California on July 28 granted a motion to dismiss filed by defendants in a securities class action lawsuit, ruling that a pension fund failed to properly plead scienter as statutorily required (In re Herbalife Ltd. Securities Litigation, No. 14-2850, C.D. Calif.)....