Judge: Lead Plaintiffs Failed To Plead Materiality In Securities Class Action
(October 31, 2016, 5:29 PM EDT) -- MINNEAPOLIS — Lead plaintiffs in a securities class action lawsuit against a technology company, certain of its officers and directors and others have failed to plead materiality or and false and misleading statements in making their federal securities law claims, a federal judge in Minnesota ruled Oct. 25 in dismissing their consolidated amended complaint (Matthew Ridler, et al. v. Hutchinson Technology Inc., et al., No. 15-4356, D. Minn.; 2016 U.S. Dist. LEXIS 147906).
(Order available. Document #57-161121-011R.)
Lead plaintiffs Matthew and Lori Ridler filed a consolidated...