Investors Failed To Plead Elements Of Securities Law Claims, Defendants Claim
(May 13, 2016, 9:13 AM EDT) -- BROOKLYN N.Y. — Dismissal of a securities class action complaint is proper because shareholders failed to plead any material misrepresentations or omissions, scienter or loss causation in making their federal securities law claims, defendants argue in a motion to dismiss filed April 5 in New York federal court (Saleh Altayyar, et al. v. Etsy Inc., et al., No. 15-2785, E.D. N.Y.).
(Motion to dismiss available. Document #57-160516-509B.)
Lead plaintiff Mary M. Gilteman and plaintiffs Saleh Altayyar, Andrew Huang and Sarah Chang (collectively, shareholders) filed an amended...