Judge: Investors Failed To Plead Scienter Against Company’s Officer

Mealey's (August 11, 2015, 11:21 AM EDT) -- PORTLAND, Ore. — A federal judge in Oregon on Aug. 5 granted in part and denied in part a number of motions to dismiss in a securities class action lawsuit, ruling that shareholders have properly pleaded a number of their claims but have failed to plead scienter with regard to one of the defendants and failed to plead their insider trading claims against other defendants (In re Galena Biopharma Inc. Securities Litigation, No. 14-367, D. Ore.; 2015 U.S. Dist. LEXIS 102250).

(Opinion available. Document #57-150817-037Z.)...
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