Defendants: Pension Fund Failed To Plead Scienter, Loss Causation
(November 12, 2015, 8:30 AM EST) -- NEWARK, N.J. — Defendants in a securities class action lawsuit asked a federal judge in New Jersey on Nov. 4 to dismiss a pension fund’s federal securities law claims on grounds that the pension fund failed to plead falsity, scienter and loss causation (In re Hertz Global Holdings Inc. Securities Litigation, No. 13-7050, D. N.J.).
(Motion to dismiss available. Document #57-151116-502B.)
Lead plaintiff Sheet Metal Workers’ Local No. 80 Pension Trust Fund filed a third amended complaint (TAC) in the U.S. District Court for the District...