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9th Circuit Panel Hears Oral Arguments In Las Vegas Sands Stock Drop Suit

Mealey's (April 13, 2018, 1:07 PM EDT) -- SAN FRANCISCO — During oral arguments on April 12, a Ninth Circuit U.S. Court of Appeals judge expressed concerns over reversing a federal district court’s grant of summary judgment in a securities class action lawsuit against casino/resort owner Las Vegas Sands Corp. (LVS) and two of its executive officers for failure to plead any actionable misstatements or omissions or loss causation (Pompano Beach Police & Firefighters Retirement System, et al. v. Las Vegas Sands Corp., et al., No. 17-15216, 9th Cir.).

Circuit Judge Richard C. Tallman...
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