Shareholder’s Failure To Plead Scienter Leads To Dismissal Of Securities Claims

Mealey's (November 8, 2017, 1:30 PM EST) -- BOSTON — A shareholder has failed to plead scienter in making her federal securities law claims against a clinical laboratory services provider and its CEO for their alleged role in concealing an illegal monopoly scheme with the provider’s Brazilian affiliate, a federal judge in Massachusetts ruled Nov. 7 in granting the defendants’ motion to dismiss (In re Psychemedics Corp. Securities Litigation, No. 17-10186, D. Mass., 2017 U.S. Dist. LEXIS 183955)....