Investor Found To Have Failed To Plead Misstatement, Scienter In Securities Suit

Mealey's (March 12, 2018, 1:50 PM EDT) -- NASHVILLE, Tenn. — A shareholder of discount retail chain Dollar General Corp. has not shown that statements made by the company and certain of its executive officers were false when made or made with the requisite scienter and, thus, are not actionable under federal securities law, a federal judge in Tennessee ruled March 8 in granting the defendants’ motion to dismiss (Iron Workers Local Union No. 405 Annuity Fund, et al. v. Dollar General Corp., et al., Nos. 17-0063, 17-0275 and 17-0276, M.D. Tenn.)....