Judge: Lead Plaintiffs Failed To Plead Federal Securities Law Claims
(September 15, 2015, 1:52 PM EDT) -- WEST PALM BEACH, Fla. — Lead plaintiffs in a securities class action lawsuit against a company and certain of its current and former officers and directors have failed to plead any actionable misstatements or scienter in making their federal securities law claims, a federal judge in Florida ruled Sept. 4 (In re Altisource Portfolio Solutions S.A. Securities Litigation, No. 14-81156, S.D. Fla.).
(Order available. Document #57-150921-030R.)
Lead plaintiffs Pension Fund for the International Union of Painters and Allied Trades District Council 35 and the Annuity Fund...