Mealey's (September 11, 2017, 1:40 PM EDT) -- SANTA ANA, Calif. — A pension fund has shown that a financial institution and its former CEO’s failure to disclose their connection to a convicted fraudster and Ponzi scheme operator were material and that the CEO acted with scienter in failing to disclose his ties to the fraudster, a federal judge in California ruled Sept. 6 in denying the defendants’ motions to dismiss in a securities class action lawsuit (In re Banc of California Securities Litigation, No. 17-0118, C.D. Calif., 2017 U.S. Dist. LEXIS 145361)....