Shareholders Found To Have Pleaded Falsity, Scienter In Stock-Drop Suit

Mealey's (February 15, 2018, 1:40 PM EST) -- LOS ANGELES — Shareholders have pleaded the required falsity and scienter in claiming that a microturbine technology solutions provider and two of its senior officers concealed significant backlog issues with revenue it had received from its Russian distributor in violation of federal securities laws, a federal judge in California ruled Feb. 9 in denying a motion to dismiss (In re Capstone Turbine Corp. Securities Litigation, No. 15-8914, C.D. Calif., 2018 U.S. Dist. LEXIS 22995)....