Judge: Investor Properly Pleaded Misrepresentation, Scienter In Securities Suit
Mealey's (December 23, 2015, 1:48 PM EST) -- NEWARK, N.J. — A federal judge in New Jersey on Dec. 21 denied a motion to dismiss by an outside auditor in a securities class action lawsuit, ruling that the lead plaintiff in the action properly pleaded a material misrepresentation and scienter in making his federal securities law claims (Chao Sun v. Daqing Han, et al., No. 15-703, D. N.J.; 2015 U.S. Dist. LEXIS 170005).
(Opinion available. Document #57-160120-010Z.)
Lead plaintiff Bin Qu filed an amended securities class action complaint in the U.S. District Court for...