Shareholders: Judge Erred In Ruling That Securities Claims Not Properly Pleaded
Mealey's (May 3, 2016, 1:54 PM EDT) -- SAN FRANCISCO — A federal district court erred in dismissing a securities class action lawsuit and denying reconsideration of its ruling because shareholders properly pleaded a material misrepresentation, scienter and loss causation in making their federal securities law claims, the shareholders argue in an appellant brief filed May 2 in the Ninth Circuit U.S. Court of Appeals (Joseph Curry, et al. v. Yelp Inc., et al., No. 16-15104, 9th Cir.).