Retirement System Failed To Plead Material Misrepresentation, Judge Rules

Mealey's (December 14, 2016, 9:38 AM EST) -- SAN FRANCISCO — A retirement system failed to plead any material misrepresentations or omissions in pleading its federal securities law claims against a seller of hybrid data storage products and certain of its executive officers, but it may be able to cure its deficiencies with amendment of its complaint, a federal judge in California ruled Dec. 9 (In re Nimble Storage Inc. Securities Litigation, No. 15-5803, N.D. Calif.; 2016 U.S. Dist. LEXIS 170924)....