Shareholder Failed To Plead Securities Claims In Complaint, Judge Rules

(January 11, 2016, 2:50 PM EST) -- LOS ANGELES — Although a shareholder has properly pleaded a number of claim in a securities class action lawsuit, he has done so in his opposition brief and not in his first amended complaint as required, a federal judge in California ruled Jan. 7 in granting a motion to dismiss with leave to amend (Felipe Garcia, et al. v. Hetong Guo, et al., No. 15-1862, C.D. Calif.; 2016 U.S. Dist. LEXIS 1819).

(Order available. Document #57-160120-028R.)

Shareholder Felipe Garcia filed a first amended complaint in the...
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