Judge Asked To Determine Whether Pension Fund Properly Pleaded Misstatement

(January 19, 2016, 11:56 AM EST) -- NEW YORK — Parties in a securities class action lawsuit recently asked a federal judge to determine whether a pension fund has properly pleaded an actionable misstatement and materiality in making its federal securities law claims (Dekalb County Employees Retirement System v. Contraloardora Vuela Compañia de Aviación S.A.B. de C.V., et al., No. 15-1337, S.D. N.Y.).

Lead plaintiff Pavers and Road Builders Pension Fund filed an amended complaint in the U.S. District Court for the Southern District of New York on behalf of all purchasers of...
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