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Defendants Seek Dismissal Of Claims Against Them In Securities Class Action

Mealey's (September 16, 2016, 12:23 PM EDT) -- TRENTON, N.J. — Defendants in a securities class action lawsuit in New Jersey federal court separately moved to dismiss the claims against them on Sept. 13, arguing that shareholders failed to plead any actionable misrepresentation, scienter or loss causation in making their federal securities law claims (In re Valeant Pharmaceuticals International Inc. Securities Litigation, No. 15-7658, D. N.J.).

Shareholders filed four substantially similar securities class action complaints in the U.S. District Court for the District of New Jersey on behalf of all purchasers of Valeant Pharmaceuticals...
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