Mealey's (January 16, 2018, 1:39 PM EST) -- DALLAS — Lead plaintiffs in a securities class action against an energy industry equipment and services provider and certain of its former senior officers failed to plead scienter or loss causation in arguing that the defendants mispresented the company’s business and financial condition in violation of federal securities laws, a federal judge in Texas ruled Dec. 27 in granting the defendants’ motion to dismiss (Margaret Budde, et al. v. Global Power Equipment Group Inc., et al., No. 15-1679, N.D. Texas, 2017 U.S. Dist. LEXIS 212254)....