Claims In Securities Suit Against Cemetery Company, Others Dismissed

(November 8, 2017, 9:52 AM EST) -- PHILADELPHIA — The lead plaintiff in a securities class action lawsuit against a funeral and cemetery services provider and others has failed to show that the defendants issued material misrepresentations or omissions in an attempt to conceal the company’s poor financial condition in violation of federal securities laws, a federal judge in Pennsylvania ruled Oct. 31 in granting the defendants’ motion to dismiss (Judson Anderson, et al. v. StonMor Partners L.P., No. 16-6111, E.D. Pa., 2017 U.S. Dist. LEXIS 179959)....