9th Circuit Panel Hears Oral Arguments In Appeal Of Securities Class Action Ruling

Mealey's (May 6, 2016, 12:24 PM EDT) -- PASADENA, Calif. — A Ninth Circuit U.S. Court of Appeals panel on May 4 heard oral arguments in an appeal of a California federal court judge’s ruling dismissing an amended securities class action complaint for failure to properly plead scienter (Nathaniel L. Anderson v. Peregrine Pharmaceuticals Inc., et al., No. 14-55882, 9th Cir.).

Circuit Judges Harry Pregerson, Jay Bybee and N. Randy Smith made up the panel that heard the arguments in the shareholder action against drug company Peregrine Pharmaceuticals and certain of its current and...
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