Judge: Shareholder Properly Pleaded Loss Causation In Securities Suit
Mealey's (February 11, 2016, 2:22 PM EST) -- NEW YORK — Dismissal of a second amended complaint in a securities class action lawsuit is proper because a shareholder properly pleaded a material misrepresentation and loss causation in making his federal securities law claims, a federal judge in New York ruled Feb. 9 (Benjamin Gross v. GFI Group Inc., et al., No. 14-9438, S.D. N.Y.; 2016 U.S. Dist. LEXIS 15602).
(Opinion available. Document #57-160216-074Z.)
Shareholder Benjamin Gross filed a second amended complaint in the U.S. District Court for the Southern District of New York on...