Securities Suit Dismissal For Failure To Plead Scienter, Loss Causation Affirmed

Mealey's (March 26, 2018, 1:28 PM EDT) -- SAN FRANCISCO — In adopting the “detailed and well-reasoned analysis” of a federal district court, a Ninth Circuit U.S. Court of Appeals panel on March 23 affirmed the lower court’s ruling dismissing a federal securities class action for failure to plead scienter and loss causation (Thomas Cunningham v. Identiv Inc., et al., No. 17-15220, 9th Cir., 2018 U.S. App. LEXIS 7384)....