5th Circuit Asked To Decide Whether Pension Fund Pleaded Scienter

(February 15, 2018, 8:56 AM EST) -- NEW ORLEANS — Parties in a securities class action lawsuit against an oilfield products supplier and certain of its executive officers recently asked the Fifth Circuit U.S. Court of Appeals to determine whether a federal district court failed to properly consider a pension fund’s scienter allegations in determining whether the pension fund properly pleaded its federal securities law claims against the defendants (Alaska Electrical Pensions Fund v. Flotek Industries Inc., et al., No. 17-20308, 5th Cir.)....