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Investor Failed To State Claim, Judge Rules In Dismissing Securities Claims

Mealey's (September 21, 2015, 11:02 AM EDT) -- OAKLAND, Calif. — Dismissal of federal claims in a securities class action lawsuit is proper because a lead plaintiff has failed to state a viable claim for relief against a software provider and certain of its executive officers, a federal judge in California ruled Sept. 17 (Viswanath V. Shankar v. Imperva Inc., et al., No. 14-1680, N.D. Calif.; 2015 U.S. Dist. LEXIS 125279).

(Order available. Document #57-150921-058R.)

Lead plaintiff Delaware County Employees Retirement System filed an amended securities class action complaint in the U.S. District Court...
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