9th Circuit Panel Hears Oral Argument In Accounting Misrepresentation Lawsuit
Mealey's (December 6, 2017, 2:47 PM EST) -- SAN FRANCISCO — Parties in a securities class action lawsuit against a company that sells renewable energy and certain of its executive officers asked a Ninth Circuit U.S. Court of Appeals panel on Dec. 4 to determine whether a federal district court erred in dismissing the action for failure to plead scienter under a holistic approach (James Webb v. SolarCity Corp., et al., No. 16-16440, 9th Cir.).
Arguing on behalf of lead plaintiff James Webb, attorney Jeremy A. Lieberman of Pomerantz LLP stated that SolarCity Corp.,...