Judge Dismisses Investor Suit After Investor Fails To Plead Misrepresentation

(February 10, 2017, 10:53 AM EST) -- SAN JOSE, Calif. — An investor has failed to plead a material misrepresentation or omission or scienter in making his federal securities law claims against two companies that were subject to an acquisition deal, a federal judge in California ruled Jan. 31 in granting the defendants’ motion to dismiss with leave to amend (Scott Weller v. Scout Analytics Inc., et al., No. 15-3170, N.D. Calif., 2017 U.S. Dist. LEXIS 14197)....