Judge: Plaintiff’s Pleading Of Falsity, Scienter Insufficient In Securities Action

Mealey's (December 29, 2017, 1:07 PM EST) -- SAN JOSE, Calif. — A California federal judge on Dec. 18 dismissed a securities lawsuit on grounds that the second amended complaint failed to plead falsity and scienter sufficient to meet the “demanding requirements” of the Private Securities Litigation Reform Act (PSLRA) (Howard Welgus v. TriNet Group Inc., et al., No. 15-3625, N.D. Calif.; 2017 U.S. Dist. LEXIS 2077778)....