Investors Seek To Overturn District Court’s Partial Dismissal In Securities Suit

(January 17, 2018, 9:01 AM EST) -- SAN FRANCISCO — A federal district court’s partial dismissal of claims in a securities class action lawsuit against a for-profit secondary education provider and certain of its current and former officers and directors should be reversed because a federal district court judge erred in ruling that shareholders failed to plead any materially misleading statements regarding the defendants’ alleged misstatements about the company’s rollout of its online classroom, the shareholders argue in a Dec. 22 brief filed in the Ninth Circuit U.S. Court of Appeals (Rameses Te Lomingkit, et al. v. Apollo Education Group Inc., et al., No. 17-16634, 9th Cir.)....