Panel Hears Oral Arguments In Appeal Of Scienter, Loss Causation Ruling

Mealey's (March 15, 2018, 2:04 PM EDT) -- SAN FRANCISCO — A Ninth Circuit U.S. Court of Appeals panel on March 13 heard oral arguments in an appeal of a securities class action ruling in which a federal district court dismissed a lead plaintiff’s second amended complaint for failure to plead scienter or loss causation in arguing that a company and certain of its senior executives misrepresented the company’s executive compensation and internal financial controls in violation of federal securities law (Thomas Cunningham v. Identiv Inc., et al., No. 17-15220, 9th Cir.)....