Shareholders Failed To State A Claim For Relief In Securities Suit, Judge Rules
Mealey's (May 12, 2016, 2:00 PM EDT) -- NEW YORK — Dismissal of claims in a securities class action lawsuit against Weight Watchers International Inc., certain of its former executive officers and others is proper because lead plaintiffs in the action failed to properly state a claim for relief in making their federal securities law claims, a federal judge in New York ruled May 11 (In re Weight Watchers International Inc. Securities Litigation, No. 14-1997, S.D. N.Y.; 2016 U.S. Dist. LEXIS 62456).
(Opinion available. Document #57-160516-049Z.)
Lead plaintiffs KBC Asset Management NV and Oklahoma...