Many Claims Survive Motion To Dismiss In Securities Suit Against Mining Company

Mealey's (August 31, 2017, 11:18 AM EDT) -- NEW YORK — Shareholders in a securities class action lawsuit against a mining company and certain of its current and former executive officers and directors have shown that the defendants issued a number of actionable false and misleading statements and have properly pleaded corporate scienter on the part of the company in making their federal securities law claims, a federal judge in New York ruled Aug. 29 in granting in part and denying in part the defendants’ motion to dismiss (In re BHP Billiton Securities Litigation, No. 16-1445, S.D. N.Y., 2017 U.S. Dist. LEXIS 138834)....