Federal Judge Trims Federal Securities Law Claims Against Ruby Tuesday, Others

Mealey's (April 5, 2016, 1:48 PM EDT) -- NASHVILLE, Tenn. — A federal judge in Tennessee on March 31 partially denied a motion to dismiss filed by defendants in a securities class action lawsuit, ruling that although shareholders failed to plead an actionable misrepresentation with regard to the defendants’ alleged misstatements and omissions regarding the defendant company’s repositioning plan, they have pleaded an actionable misstatement with regard to misrepresentations made concealing the poor performance of a restaurant chain the company had recently purchased (Dennis Krystek v. Ruby Tuesday Inc., et al., No. 14-1119, M.D....
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