Shareholder Seeks High Court Review Of 4th Circuit Scienter Ruling

(March 27, 2018, 8:38 AM EDT) -- WASHINGTON, D.C. — A federal circuit court erred in affirming a lower court’s dismissal of a securities class action lawsuit for failure to plead scienter because it failed to apply the U.S. Supreme Court’s pleading standard set forth in Tellabs Inc. v. Makor Issues & Rights, a shareholder argues in a petition for writ of certiorari filed March 12 in the U.S. Supreme Court (Maguire Financial LP v. PowerSecure International Inc., et al., No. 17-1303, U.S. Sup., 2018 U.S. S. Ct. Briefs LEXIS 1097)....