U.S. Supreme Court Declines Review Of 10th Circuit Securities Ruling

Mealey's (October 6, 2015, 12:49 PM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court on Oct. 5 declined review of a 10th Circuit U.S. Court of Appeals ruling in a securities class action lawsuit challenging the materiality pleading standard for stating claims under federal securities law (United Food and Commercial Workers Union Local 880 Pension Fund v. Chesapeake Energy Corp., et al., No. 14-1233, U.S. Sup.).

Lead plaintiff United Food and Commercial Workers Union (UFCW) Local 880 Pension Fund sued Chesapeake Energy Corp. in the U.S. District Court for the Western District of...
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