2nd Circuit Asked To Decide If Amendment Of Securities Complaint Was Futile

(November 22, 2017, 11:40 AM EST) -- NEW YORK — Parties in a securities class action lawsuit recently asked the Second Circuit U.S. Court of Appeals to determine whether a federal district court erred in denying the lead plaintiff’s motion for leave to file a third amended complaint in the action because amendment would be futile (Waterford Township Police & Fire Retirement System v. Regional Management Corp., et al., No. 17-0598, 2nd Cir.)....