Investor’s Scienter Claims Insufficient Individually, Holistically, Panel Rules

Mealey's (March 9, 2018, 2:08 PM EST) -- SAN FRANCISCO — A shareholder’s scienter claims are insufficient both on their own, as well as under a holistic review, and a federal district court did not err in ruling that the shareholder failed to properly plead the claims when it dismissed his third amended complaint, a Ninth Circuit U.S. Court of Appeals panel ruled March 8 in affirming the lower court’s ruling (James Webb v. SolarCity Corp., et al., No. 16-16440, 9th Cir., 2018 U.S. App. LEXIS 5842)....