Lead Plaintiffs Found To Have Properly Pleaded Scienter In Securities Suit

(January 26, 2018, 2:52 PM EST) -- ANN ARBOR, Mich. — Lead plaintiffs in a securities class action lawsuit have pleaded the necessary elements of scienter in making their federal securities law claims against a pharmacy company and have not pleaded fraud by hindsight as defendants contend, a federal judge in Michigan ruled Jan. 19 in denying the defendants’ motion to dismiss (David N. Zimmerman v. Diplomat Pharmacy Inc., et al., No. 16-14005, E.D. Mich., 2018 U.S. Dist. LEXIS 8661)....