Additional Allegations Determined To Properly Show Company Acted With Scienter

Mealey's (March 6, 2018, 10:12 AM EST) -- ALEXANDRIA, Va. — Although shareholders’ claims added to their second amended complaint do not support their allegations that a company’s executive officer acted with the required scienter in helping to conceal the company’s accounting fraud, the additional allegations are sufficient to show the company’s scienter, a federal judge in Virginia ruled March 2 in granting in part and denying in part the defendants’ motion to dismiss (Steven Knurr v. Orbital ATK Inc., et al., No. 16-1031, E.D. Va., 2018 U.S. Dist. LEXIS 34812)....