Judge Provides Further Detail In Dismissal Of Claims In Securities Class Action

Mealey's (August 4, 2015, 2:28 PM EDT) -- NEW YORK — A federal judge in New York on July 30 issued an opinion providing further detail into an order he issued earlier in the month granting in part and denying in part a motion to dismiss in a securities class action lawsuit (In re Petrobas Securities Litigation, No. 14-9662, S.D. N.Y..).

(Opinion available. Document #57-150817-029Z.)

U.S. Judge Jed S. Rakoff of the Southern District of New York issued the opinion, ruling that lead plaintiff Universities Superannuation Scheme Ltd. (USS) and shareholders Employees’ Retirement System...
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